Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Furniture/Home Decor & Furnishing
    About Us: Founded in 2016, Fanusta.com is a curated marketplace of..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Quick Service Restaurants
    About Us: Kathi Express has discovered its own variety of spices..
    Locations looking for expansion Uttarakhand
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dehradun Uttarakhand
  • Ice creams & Yogurt Parlors
    Want to enhance the joy of eating by creating a..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets 20-50
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Food Service
    In 2007 Xotik Frujus Pvt. Ltd., was incorporated and has ever since..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Kandivali east Maharashtra
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

Free Advice - Ask Our Experts