Fynd operates an online fashion marketplace sourcing apparel, shoes and bags directly from nearby outlets and promising delivery in four to 24 hours. It also offers Fynd Store, which lets store managers place orders for walk-in customers when items are unavailable in-store and have them delivered to the customer. The company plans to use new capital to accelerate growth, expand its consumer base, strengthen technology infrastructure, and optimise operations including marketing. The $3.4 million reported raise is an extension of its Series A rounds and follows earlier March/May tranches that together added $1 million from Rocketship and Venture Catalysts. Founded in 2013, Fynd previously raised seed investment from Kae Capital, Jehaan Mehta and Powai Lake Ventures angels, and later funding from Kae Capital and Snapdeal founders Kunal Bahl and Rohit Bansal in 2015. Fynd is an India-based fashion e-commerce marketplace. The company announced a $500,000 investment from Silicon Valley-based investor Rocketship.vc. The deal was disclosed on Monday. The article does not specify the instrument, terms, or use of proceeds. No financial metrics or operating data were provided in the report. The article also does not mention past funding rounds or the company's founding year. Fynd operates an online-to-offline fashion marketplace that sources products directly from nearby retail outlets and offers delivery within four to 24 hours. Buyers can try products for free and return them if unsatisfied; the catalogue includes ethnic wear, shoes, bags and clothing. The company says it aggregates inventory data from over 8,000 stores across cities such as New Delhi, Mumbai, Bengaluru, Amritsar, Guwahati and Kochi. Fynd is Mumbai-based and was founded in 2013 by Farooq Adam, Harsh Shah and Sreeraman MG. It has previously raised undisclosed seed funding led by Kae Capital with participation from Powai Lake Ventures and Jehaan Mehta, and an undisclosed round in 2015 from Kae Capital and Snapdeal founders Kunal Bahl and Rohit Bansal. In January this year it raised an undisclosed amount from Anand Chandrasekaran, Rajiv Mehta and Ramakant Sharma. Shopsense is a Mumbai-based technology startup founded in 2012 by IIT Bombay alumni Farooq Adam, Harsh Shah, and Sreeraman MG. It builds interactive retail products including 'match' — large capacitive touchscreens for in-store browsing and social sharing — 'react' — interactive product stands/walls — and 'explorer' — a store-navigation app. These products run on the Shopsense Cloud Infrastructure and provide retailers with customer behavior and preference analytics. As of the article, only 'match' is live and has been tested at a couple of stores. Shopsense has raised an undisclosed seed round led by Kae Capital with participation from a group of angels under Powai Lake Ventures and Jehaan Mehta. The company said the capital will be used to set up a development team and for technology enhancement.

Total raised

$4M

Funding rounds

4

Latest round

Series A

Latest activity

Jun 2017