SmartDukaan, the smartphone retail tech platform, has successfully raised USD 10 million in a pre-series A funding round led by Findoc Finvest. Leafberry Ads and angel investors also participated in the funding round.
The company aims to utilize the funds for franchise partnerships, bolstering its technology infrastructure, expanding its product portfolio, and recruiting top talent. The company aims to strengthen its position as the largest mobile retail network in India and digitize the retail industry, offering profitable opportunities for aspiring entrepreneurs.
Commenting on the funding, Tarun Verma, the CEO and founder of SmartDukaan, “This funding will serve as a catalyst for us to enhance and expand our network across the country. Our mission remains to be the largest mobile retail network of India, digitizing and empowering retailers and also inviting aspiring entrepreneurs to be part of a profitable mobile retail business.”
The tech-based retail chain startup has 350 stores across 100 cities in North India.
