24 December, 2015, India: LafaLafa, a mobile-first coupons and cashback app has managed to raise an undisclosed amount funding from Vectr Ventures, Hong Kong. In September, LafaLafa announced seed funding from 500 Startups and have been a part of the accelerator programme. Since its inception, the company has gained huge popularity among the masses and that has triggered its business to more than 550, 000 downloads.
Recently, company has launched its latest app with the ‘Personal Deal Assistant’ feature where LafaLafa members can find the best coupons and get cashback on whatever they want to buy simply by chatting with LafaLafa. This feature has proven to be a hit among LafaLafa members as these days, chatting is considered the most preferred option by Indians .
Commenting on the development, Yosha Gupta, Founder, LafaLafa, says, ““We feel proud to be Vectr Ventures first India investment. They have an incredibly interesting portfolio of startups with a strong focus on diversity and women entrepreneurs and with very strong ties in China and Hong Kong. We were sure we wanted them on board in our journey especially as we expand in the rest of Asia.”
Sharing his views on the investment, Alan Chan, Managing Partner, Vectr Ventures, Opined, “”We are excited to have LafaLafa as part of the Vectr family and as our first investment in India. We believe in their vision, product and strategy and look forward to helping them expand in Asia.”