29 November 2016, India :
Bangalore-based startup ShopsUp has raised initial seed funding of $1 Million and is in process of raising capital to build an innovative company that bridges the gap between online and offline shopping. Anand Sankeshwar, Managing Director at VRL Logistics Ltd and Yang Shu, former Huawei Technologies President and CEO of Taojinjia have invested in ShopsUp and also mentor the team.
ShopsUp is a shopping app that gives a unique shopping experience, helping users to discover the best stores in town for fashion, lifestyle, and other products, and rewards the user for their shopping.
Suhas Gopinath, Co-founder and CEO at ShopsUp said, “We believe that the right offers delivered in the right context and right place can drive business for both organized as well as local retail establishments, and we are investing in analytics to offer best of the breed solutions to our partners.”
ShopsUp is pioneering its ability to reach young Indian millennial consumers with smartphone and influence their behavior while shopping and discovering stores. India is second largest smartphone market in the world in terms of users and increasingly consumers are turning to mobile to discover and research fashion trends and discover exciting consumer items.
