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Home News

Baggout Raises Funds From Jabong CTO, CommonFloor CEO

by Chinmay Bidkar
July 15, 2016
in News
Reading Time: 1 min read
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Baggout Raises Funds From Jabong CTO, CommonFloor CEO

Image- techcircle.vccircle.com

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Image- techcircle.vccircle.com
Image- techcircle.vccircle.com

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

 

 

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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]

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