Retail technology company Shopsense which has shifted Fynd, a nearby fashion shopping app, has raised an undisclosed amount of pre-Series A funding from Kae Capital, Snapdeal founders and others. The raised capital would be utilized in market expansion.
The company has been founded by a team of IIT Bombay graduates Farooq Adam, Harsh Shah and Sreeraman MG.
With Fynd, consumers can discover and follow their favorite brands, browse through the latest collections, “Fynd a Fit” – try multiple sizes for the perfect fit and get superfast delivery of their purchases. Being able to serve products from local stores, Fynd is able to manage inventory turn-around times so well, Fynd has redefined what convenience means for the traditional online fashion shopper.
Fynd is available on the Android and iOS App stores. Fynd is currently serving Mumbai with expansion in Bangalore and Delhi NCR by the end of the year.
The company is currently working with over 40 brands, such as Being Human, Van Heusen, Steve Madden, GAS, Soch, Jashn, AND, Global Desi, Puma, Clarks, Chumbak and Forever New among others. With an offline to online model, Fynd helps stores participate and take advantage of the online shopping boom in India. Currently store sales are cannibalized by consumers shopping online. With Fynd, stores are finally on a level playing field.