Total amount raised
$1 Million
Latest funding date
05/01/2015
Location
Title
BuyHatke has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers advanced price tracking for major e-commerce sites like Amazon and Flipkart.
Keep reading to explore the intricacies of BuyHatke's fundraising journey and the investors backing this innovative platform.
What Is BuyHatke?
BuyHatke, founded in 2012, is an innovative platform based in Bangalore, India. The company was established by Gaurav Dahake and Prashant Singh.
BuyHatke specializes in providing advanced price tracking services for major e-commerce platforms like Amazon and Flipkart. Their tools help users monitor price history and manage online spending.
With a dedicated team of over 50 employees, BuyHatke continues to enhance the online shopping experience for consumers across India.
How Much Funding Has BuyHatke Raised?
- First Funding Round
- Amount Raised: $1 million
- Date: May 2015
- Lead Investors: Infosys co-founder S Gopalakrishnan and Beenos
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used for marketing, developing new products, and expanding the team.
Total Amount Raised: $1 million
Current Valuation: Not publicly disclosed
Key Investors
- S Gopalakrishnan
- Details: S Gopalakrishnan is a co-founder of Infosys, one of India's largest IT services companies. He invested in BuyHatke in his personal capacity.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Not publicly disclosed.
- Beenos
- Details: Beenos is a Japanese e-commerce company with a diverse investment portfolio. The company focuses on fostering innovative startups globally.
- Investment Focus Areas: E-commerce, technology, startups.
- Notable Investments: ShopClues, Citrus.
What's Next for BuyHatke?
BuyHatke is poised to capitalize on the burgeoning e-commerce market in India. With the recent $1 million funding, the company aims to expand its team, enhance marketing efforts, and develop new products. The goal is to scale its user base from 3.5 million to 10 million by the end of the year, a significant leap that underscores the vast opportunity ahead.
As the demand for price-comparison tools grows, BuyHatke may seek additional funding to stay competitive. The landscape is crowded with players like Smartprix and 91mobiles, making innovation crucial. Challenges include managing increased user traffic and maintaining engagement, but the potential for strategic partnerships and acquisitions could provide a pathway to sustained growth.
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