15 July 2016, India :
New Delhi-based product aggregation website Baggout has raised funding from multiple angel investors, co-founder Deepak Jain told VCCircle. He declined to disclose the amount the startup raised.
The investors are Jabong CTO Sumit Jain, CommonFloor co-founder and CEO Sumit Jain, DGM Network founder Anurag Gupta, IREO PE Fund director Varun Khanna and Faraz Khan.
This is Baggout’s second round of funding, after it raised a small amount from two investors in March.
“We are working on the personalisation and curation technology, so part of the funding will go there. Remaining funds will be used for growing our base of partner retailers and growing social media reach,” Jain added.
The company aggregates inventory from more than 300 partner e-tailers—including Amazon, Flipkart, Snapdeal, Myntra, Jabong, StalkBuylove and Koovs. It claims over one million unique visitors on the website and around 15,000 orders a month. Source-techcircle.vccircle.com