Investments

Hyperlocal Product Discovery App Shopsity Raises Seed Round Fund

Hyperlocal product discovery app Shopsity has secured seed funding from from Sandeep Aggarwal, Founder of eCommerce ventures like ShopClues and Droom, and Teruhide Sato, Founder of Netprice. The amount has not been disclosed publicly.

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Shopsity is also in talks to raise another $8 million soon.

Founded by Danish Ahmed, ex-CEO of Yebhi.com, Shopsity has already listed thousands of stores from Delhi/NCR, allowing customers to see products selling at Woodland, Redtape, W, Mufti, Nike, Levis and other top stores.

Sandeep Aggarwal. adding a comment on the matter said, “Online to offline is going to be a multi-billion dollar space, probably larger than ecommerce. We’ve seen its success in Zomato and Ola, but retail is a much larger industry,” explains Danish. “We’re playing at a convergence of local, social and commerce, creating an experience that will be relevant to millions of users globally.”

Similarly, Danish Ahmed is of the opinion that “online to offline is going to be a multi-billion dollar space, probably larger than eCommerce”. He said, “We’ve seen its success in Zomato and Ola, but retail is a much larger industry. Indian fashion retail is a $60 billion industry, yet the way we shop today, is a stumble upon experience. People guess where to go, browse across stores and then don’t find a suitable item after spending hours at it. Shopsity aspires to change that.”

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Shopsity is a mobile app which enables users to find what’s selling in stores nearby, while they are sitting at home. Users can choose the designs they like, check out the latest offers, see size availability, make a shopping list and then go out to experience the product. The process economizes time and helps cut down on the laborious exercise of visiting store to store in search of the product one is looking for.

Shopsity is only a month and a few days old. The company is competing with players like Fashalot and Zakoopi.

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