Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2013-10-11

Unbxd closes series A funding of USD 2 Million from IDG Ventures India and Inventus Capital Partners

Unbxd, a leading product recommendation platform for ecommerce companies, today announced that it has raised USD 2 Million in its Series A round of funding, from venture capital funds, IDG Ventures India and Inventus Capital Partners. \\r\\n

Unbxd, a leading product recommendation platform for ecommerce companies, today announced that it has raised USD 2 Million in its Series A round of funding, from venture capital funds, IDG Ventures India and Inventus Capital Partners.

 

The funds will be used to strengthen the company’s presence in India, Singapore and North America and help Unbxd establish itself as a successful global product company from India. This capital infusion will also be used to ramp up R&D efforts while driving innovation.

 

Venkatesh Peddi, from IDG Ventures and Rutvik Doshi, from Inventus, have joined Unbxd’s Board of Directors. Unbxd had previously raised funding from the Indian Angel Network (IAN) in April 2012.

 

The Unbxd Smart Engage Platform helps ecommerce sites increase sales by recommending the right products to visitors. Unbxd tracks online shoppers in real time and powers ecommerce sites to deliver unique personalized shopping experiences to their visitors.

 

“We see this funding as critical to our expansion plans with a focus on increasing our customer base along with the development of new and existing products” said Pavan Sondur, the co-founder and CEO of Unbxd. “ecommerce has seen tremendous growth globally with conversion optimization emerging as a key focus area for online businesses which already face tremendous pressure due to high operating costs. Moreover, with Unbxd, businesses can improve their Marketing ROI without increasing their marketing spend at all” he added.

 

Related opportunities
  • Conferred with Quality Council of India (QCI)-D.L. Shah National Quality..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • About: Client is into business of Beauty and wellness (“Business”) under..
    Locations looking for expansion Delhi
    Establishment year 1978
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Food Marts
    Satvikk Speciality FoodSpecialized in Dry Fruits, Dried Fruits ,..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About The goodness StoreAbout GoodnessThe goodness Store, an initiative of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities