March 08 2016, 17.12 PM IST || Pocket News Alert
Major part of their funding will be mobilized towards enhancing the next gen mobile marketplace- Kraftly!
March 8th 2016; Chandigarh: India’s leading e-commerce enabler, KartRocket, has announced the completion of their $8 million round with the addition of a Japanese investor. Their existing investors include Bertelsmann India Investments(BII), Nirvana Digital India Fund, Nirvana Digital Investment Holding Co. Ltd., US-based 500 Start-Ups and Singapore-based Beenext which participated in the recent round of funding.
Major part of the funding will be mobilized towards enhancing the next gen mobile marketplace Kraftly, which is a mobile-first O2O marketplace targeting small seller communities and homepreneurs in India in long-tail categories such as apparel, accessories, home, crafts, and other unique and eclectic products. The platform can be accessed via web as well as both, Android and iOS apps.
With the goal of building a next gen mobile marketplace, SaahilGoel, CEO & Co-founder, KartRocketcommented,“Keeping in mind Kraftly’s single vision of allowing every seller to participate in e-commerce, the investment will help us with cutting-edge product development, talent acquisition, seller eco-system development and performance marketing.”
He further added,“To expand our scope of business in India’s fast growing e-commerce industry, we have appointed two quintessential business figures. Ankit Soodhas taken over therole of Chief Financial Officer&AkshayGhulati-Chief Business Officer for Kraftly.While both of them possess an avid knowledge & experience in areas of business growth & financial sectors, their presence will help in bolstering the growth of our company.”
Currently boasting of more than 15,000 shops, Kraftly adds over 17,000 listings per day. Its vision is to create the most loved ‘flea-commerce’ platform by bringing on-board the long tail of individual and small seller communities & allowing them to fairly participate in e-commerce.Its future plans encompass of extending revenue streams, focus on building the marketplace customer experience centric &establishing a distinct business model. The company will strive to attract a lot of quality talent for all its future endeavors.
For more information on KartRocket,log on tohttps://www.kartrocket.com
For more information on Kraftly, log on tohttps://kraftly.com
About the company:
The company, Big Foot Retail Solutions Pvt. Ltd. (BFRS) was formed in July, 2012 co-founded by SaahilGoel, Gautam Kapoor&VisheshKhurana. The company’s flagship SaaS e-Commerce enablement product, KartRocket was launched to the public in July, 2013. The mobile O2O marketplace Kraftly was launched in September, 2015.
KartRocket is a product of Big Foot Retail Pvt. Ltd., which offers end to end e-commerce solution to help SME’s to set up their web presence. It is an end to end E-commerce enablement platform where Indian retailer and SME’s can create their online E-commerce website under their own brand. With 100+ beautiful storefronts, free payment gateways, marketplace integration, traffic generator tool and integrated shipping solution, KartRocket is the only company in India that takes care of every e-commerce problem so that your business can go and grow online easily.
ShipRocket is India’s first automated shipping software which lets the e-tailors manage multi-channel orders from one place. It has 1 click AWB assignment, multiple courier company options, bulk printing of shipping labels etc. to ease shipping for merchants.
Kraftly, leading the O2O mobile marketplace revolution in India, currently boastsof 15,000 shops, and adds over 17,000 listings per day. Kraftly’s vision is to create ‘flea-commerce’ by bringing on-board the long tail of individual and small sellers online and allowing them to fairly participate in e-commerce. Kraftly aims at having the widest catalog in the unstructured lifestyle categories and to enable the widest distribution for its sellers across all demand platforms.
