Shopsense Retail Technologies Pvt Ltd, a Mumbai-based company which owns and operates a shopping platform Shopsense, has raised an undisclosed amount in pre-Series A round of funding from its existing investor Kae Capital.
The company will use the funding for its new shopping app Fynd and for the expansion plans.
With Fynd, consumers can discover and follow their favorite brands, browse through the latest collections. The app is currently available on the Android and iOS, and is serving Mumbai. It also plans to expand to Bangalore and Delhi NCR by the end 2015.
Founded in 2012 by three IIT Bombay graduates Harsh Shah, Farooq Adam and Sreeraman MG, Shopsense had raised a seed round of funding from Kae Capital and Powai Lake Ventures in 2013.
Kae Capital Management is a VC firm which provides growth capital to the companies operating in sectors like consumer internet, mobile, education etc in India and USA.
The VC firm is also on the road to hit $40 million-fund by early next year. Through the fund, it plans to invest in 25 companies in India.