BigFoot Retail Solutions Pvt. Ltd. entered into an agreement to receive INR 13,800,000,000 in an equity round. The transaction was announced on November 10, 2021. The round is led by new investor Zomato Limited and includes participation from other investors. The financing is being raised at a post-money valuation of over $930,000,000 (INR 69,093,978,000). The company stated it expects to receive the funds under the agreement. The article does not list the other participating investors or provide additional financial or operational metrics. BigFoot Retail Solutions operates KartRocket, a platform that helps SMEs and home-based sellers go online by providing web and mobile sites, payments, logistics and marketing capabilities. In September the company launched Kraftly, a mobile-first online-to-offline marketplace targeting small sellers, individuals and homepreneurs in categories such as apparel and accessories. Kraftly has over 15,000 shops and the company says it is adding over 17,000 listings per day. Management says a major part of the latest funding will be used to enhance Kraftly through product development, talent acquisition, seller ecosystem development and performance marketing. The company has recently hired Ankit Sood as chief financial officer and Akshay Ghulati as chief business officer for Kraftly. KartRocket is based in New Delhi. KartRocket provides an ecommerce enabler platform that helps small retailers and SMEs launch branded online stores. The platform includes 100+ responsive design templates, payment gateway integration, automated shipping solutions, marketplace integration, traffic-generation tools and a store management app. Led by CEO and co-founder Saahil Goel, the company in September 2015 launched Kraftly, a mobile-first O2O marketplace. KartRocket raised funding to expand its operations. The company is headquartered in New Delhi, India. No operating metrics were disclosed in the article. Kartrocket provides an ecommerce platform for SMEs to launch web- and mobile-ready stores with built-in shipping, payment and multi-channel sales integration. It is integrated with eBay, Amazon and Snapdeal to allow multi-channel sales. Clients include Da Milano, Uni Style Image, Valyoo Technologies, TantraTshirts, Gaurav Gupta, Gyans, Divani, Karol Bagh Saree House and Latin Quarters. Founded in 2012 by Saahil Goel (CEO) and Gautam Kapoor (COO), the company is based in New Delhi, India. Kartrocket raised a $2m Series A led by Nirvana Venture Advisors with participation from 500 Startups and Beenos (NetPrice). The company intends to use the funds to expand operations in India. BigFoot Retail Solutions Pvt Ltd, owner-operator of KartRocket.com, provides a DIY e-commerce platform that enables Indian SMEs to launch their own e-commerce sites. The platform offers storefront designs, domestic and international payment options, integrated shipping via ShipRocket with a single shipping dashboard, mobile-ready stores, and marketplace integrations with eBay and Amazon. It also includes in-built marketing features such as coupons, gift certificates and automatic onsite SEO, and pricing ranges from Rs 500 to Rs 7,000 per month. The startup launched a public beta in January and reports over 100 paying customers and more than 500 trial customers across categories including clothing, electronics, and home goods. The company said the funds will be used to increase sales and to scale its technology and services. KartRocket was founded in 2011 by Saahil Goel, Gautam Kapoor and Vishesh Khurana and is based in Delhi.

Total raised

$202M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2021