This investment will be mainly used for product enhancements, scaling the business, and team expansion
Led by InfoEdge Venture Fund and BEENEXT, the mobile-based e-commerce platform QuickSell has raised $2 million. This amount was raised as a part of its pre-Series A funding round. The users are able to grow, retain, monetize, and engage their customer base effectively. This investment will be mainly used for product enhancements, scaling the business, and team expansion. The user-friendly platform has 600,000 customers based across 100 countries, and counting, without any investment in marketing.
Founded in 2017, the start-up is designed to enable small business owners to sell online and offline faster by giving them the ability to curate catalogs as well as live track user behavior, thereby enhancing a customer’s overall experience in real-time. Quicksell is a DIY platform that provides flexibility to businesses. The investment is prudent as B2B platforms are looking to target specific segments in online retail, especially during the pandemic-induced lockdown where sellers in small and medium businesses are moving online. This includes clothing, décor, jewellery, and the like, the business of which can be operated via mobile phones. Quicksell is thus bridging the link in the SMB supply chain and acts as an interface between supplier and seller.
Source: Business World