Hyperlocal marketplace app Zopper has raised series-B funding of $20 million from Tiger Global and Nirvana Ventures Advisors.
The raised amount will be used for the company’s expansion across 30 cities of the country, hiring talent and upgrade technology to accelerate the growth of the company, as reported by The Hindu.
Founded in 2011 by Surjendu Kulia and Neeraj Jain, the company gives its users the benefit of shopping experience at a retail store via mobile phone apps. Users can buy the products with the help of the app from anywhere and get the products delivered from their nearby trusted stores.
In July 2014, the company had raised an amount of $5 million from Tiger Global Management LLC and Nirvana Venture Advisors that was utilized in development of products, building the team and enhancing infrastructure.
The company features around 5,00,000 offline retailers. Uptil now the company has raised around $26.5 million from investors such as Tiger Global, Blume Ventures and Nirvana Ventures Advisors