India: Digital tech firm Shopsense raises pre-Series A round from Kae Capital, others

Visual taken from Shopsense website

By Bhawna Gupta

November 22, 2015

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.

Snapdeal founders- Kunal Bahl, Rohit Bansal and other unknown investors also participated in the round, according to a press statement.

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.

Recently, online apparel discovery platform Zakoopi, raised $350,000 in seed funding from Uniqorn Ventures.

Also Read:

India: Paytm set to split business into separate mobile wallet and e-commerce apps

India: Online curated fashion startup Styletag.com lands $7.5m funding from Embassy Group’s Jitu Virwani

India: Fashion content portal POPxo raises $2m from IDG, Kalaari Capital & 500 Startups

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW