Zopper, a hyper-local mobile marketplace, recently raised its second round of funding of $20 million from Tiger Global and Nirvana Ventures Advisors in early May this year.
The investment will be used for increasing the company’s presence across 30 cities of the country, key appointments and technology to accelerate the growth of the company.
Founded by Surjendu Kulia and Neeraj Jain, Zopper gives the benefits of shopping at a retail store and the convenience of shopping via mobile phones. Users can buy the required things from their homes/offices and get the product from their nearby trusted stores.
Mr. Neeraj Jain, Co-founder & CEO, Zopper commented, “With the second round of funding, we wish to fortify our presence in the major cities of India and rope in more retailers to give them higher visibility and provide a satisfying experience to our patrons.”
Zopper secured Series-A funding from Tiger Global and Nirvana Ventures Advisors in June 2014 that was utilized in building a strong foundation for itself. With Series B funding, the company plans on expansion and strategic hiring.
Zopper is a hyper-local mobile marketplace featuring over 5,00,000 offline retailers. Backed by marquee investors such as Tiger Global, Blume Ventures and Nirvana Ventures Advisors in Series-A funding, the company has raised over $ 6.5 million in venture funding.
