Shopsense Retail Technologies Limited

company

About

Fynd is an Indian e-commerce platform for fashion shopping

  • 251 - 500

Details

Last Funding Type
Seed
Last Funding Money Raised
$500K
Industries
Cloud Computing,E-Commerce,Fashion,Mobile,Retail,Shopping
Founded date
Sep 27, 2012
Number Of Employee
251 - 500
Operating Status
Active

Fynd is India's Largest Fashion O2O company with real-time inventory access to over 9000+ stores. Being a unique fashion e-commerce portal, it brings the latest in-store fashion online. The company channelizes its combined outreach to offer the best brands and fashion along with superior customer services to its ever-growing clientele. Technology plays a major part in the company's growth and APIs are the backbone of this business.

Founded by Farooq Adam, Harsh Shah, and Sreeraman MG, the Mumbai-based firm was incepted in 2012 as Shopsense Retail Technologies Pvt Ltd. However, in November 2015 the company pivoted to Fynd, a unique fashion e-commerce portal offering fresh fashion to customers much ahead of any other e-commerce player.

In March 2018, Fynd raised an undisclosed amount of funding in its Series C round led by Google and other existing investors including Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, Patni family office and Hong Kong-based Axis Capital among other angel investors. The latest round of funding will be utilised to improve engagement between consumers and retailers. So far, Fynd had raised $3.4 Mn funding in Series A from investor groups led by IIFL. The capital was used to reach out to more than 20 million customers and increase inventory to include more than 15 lakh products.

Fynd’s capability of sourcing its products across various fashion categories directly from most prominent brands' stores in the country, enables it to develop this edge over any other e-commerce marketplace. At present, Fynd serves customers located across India and receives inventory data from stores in 42+ cities.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$9.23M
Shopsense Retail Technologies Limited has raised a total of $9.23M in funding over 2 rounds. Their latest funding was raised on Mar 29, 2018 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 29, 2018 Series C $8.73M 2 Detail
Mar 26, 2017 Seed $500K 1 Venture Catalysts Detail

Investors

Number of Lead Investors
Number of Investors
1
2
Shopsense Retail Technologies Limited is funded by 2 investors. Venture Catalysts and IIFL Finance are the most recent investors.
Investor Name Lead Investor Funding Round
Venture Catalysts Series C
IIFL Finance Series C