Social E-Commerce Startup Klip Secures Rs 3Cr from VentureNursery, Mumbai Angels and Others

Image Source: klip.in

Image Source: klip.in

Mumbai-based Klip.in, a product discovery and social curation tool, has raised Rs 3 crore of funding from Investors at Calcutta Angels and its existing Angel investor group at Venture Nursery Angels and Mumbai Angels, along with a few individual investors. The raised funding will be used to scale up their technology and marketing teams with an emphasis on their mobile play.

Klip.in was founded by Harsh Gadia and Maneesh Madambath, it lets users discover and shop for fashion and lifestyle products from e-commerce stores at one place. These products are aggregated by Klip’s users who create curated collections on the website called Klipboards. It currently has over 1.2 million products added to over 40,000 Klipboards. Nearly 80% of its users are women and fall in the age group of 18-28 years.

Ravi Kiran, Co-founder, VentureNursery said, “This validates the faith we placed in the ability of Klip’s founding team and their vision. Klip shows that the best approach to social commerce is to build a strong community of users and we are excited to see this next phase of their evolution.”

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