• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Pune-Based ShoppinPal Raises $1.07Mn in Series A Funding

by Chinmay Bidkar
July 14, 2016
in News
Reading Time: 2 mins read
0
Pune-Based ShoppinPal Raises $1.07Mn in Series A Funding

Image- thetechportal.com

TwitterWhatsappLinkedin

 

You might also like

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

GenAI Takes Center Stage in Netflix Shows and Films

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

Image- thetechportal.com
Image- thetechportal.com

 

14 July 2016, India :

ShoppinPal, a retail tech startup has raised $1.07 million in its first equity round of funding, led by Plug and Play Tech Center and Steelhead Ventures. The Pune-headquartered startup will be using the funds to build its team and expand its market presence, primarily in India.

ShoppinPal operates under the parent company ‘Fermyon Inc’ which was setup in the United States in 2013. According to Crunchbase, the startup had earlier snagged $500,000 in seed funding from Alchemist Accelerator, Right Side Capital Management and Plug and Play.

Sriram Subramanian, CEO, ShoppinPal told ET that the US based investors were behind the company in its vision to expand its presence in India, a market they weren’t familiar with. “This investment from Plug and Play Tech Center, Steelhead Ventures and other strategic investors is a great endorsement of the potential of the retail tech market in India. With our success in other markets like US, adequate funds and required guidance from our investor partners, we are confident of establishing ShoppinPal as a leading retail tech player in the country.”

At present, almost 80% of ShoppinPal’s business comes from outside India, but Subramanian said that the India business was on track to ramp up rapidly.

ShoppinPal claims that it sees a lot of potential in the Indian m-commerce market and is trying to replicate their success in the U.S market here as well. It has partnered with top Indian online marketplaces and leading global point-of-sale (POS) companies such as Vend.

Also read- 

SIDBI Chooses Eight Ventures for Funding

Yatra Merges with NASDAQ; Deal Valued at $218mn

 

Tags: Fermyon IncShoppinPalSriram SubramanianstartupsTech startup
Tweet54SendShare15
Previous Post

Yatra Merges with NASDAQ; Deal Valued at $218mn

Next Post

FreeCharge Collaborates with bus-aggregating platform ‘Shuttl’ To Provide Cashless Commuting Facility

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

by Anochie Esther
July 20, 2025
0
Kennedy

Five months into his tenure as Secretary of Health and Human Services (HHS), Robert F. Kennedy Jr. has set his sights on a quiet but critical pillar of...

Read more

GenAI Takes Center Stage in Netflix Shows and Films

by Sneha Singh
July 20, 2025
0
GenAI Takes Center Stage in Netflix Shows and Films

Netflix has achieved an unpublicized milestone that could change the manner in which movies and television are made. The streaming giant announced Thursday that it successfully used artificial...

Read more

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

by Anochie Esther
July 20, 2025
0
JFSL

In a landmark move poised to reshape India's insurance landscape, Jio Financial Services Ltd (JFSL) and Germany-based Allianz Group have entered into a binding agreement to form a...

Read more
Next Post
FreeCharge raises $80 mn from Valiant, others in series C funding

FreeCharge Collaborates with bus-aggregating platform ‘Shuttl’ To Provide Cashless Commuting Facility

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?