Retail technology firm, SnapBizz has raised $7.2 million in it’s Series A funding.
Brief about the company
SnapBizz provides an Android-based connectivity platform to local offline grocers. Android-based, cloud-connected solution comprises a tablet, barcode scanner, printer and an intelligent consumer-facing LED display for consumer engagement. The solution benefits retailers with improved profitability by using contextual visibility and smart store management.
The startup was founded by Prem Kumar and Yashwant Prakash in 2013.
Funding saw the participation from Jungle Ventures, Taurus Value Creation and other VC firms.
Apart from this, SnapBizz earlier received a seed funding of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value creation and Blume Ventures.
Usage of funds
SnapBizz will use this money to expand it’s services to other cities. At present, their outlets are in Mumbai, Pune, New Delhi, Bangalore and Hyderabad