Total amount raised
$3.4 Millions
Latest funding date
August, 2019
Location
Fynd has successfully raised multiple rounds of funding, including a Series C round led by Google and other prominent investors. The platform offers a diverse range of retail-tech solutions, empowering over 2,300 brands with modular tech infrastructure.
Keep reading to explore the intricacies of Fynd's fundraising journey and the investors backing this innovative platform.
What Is Fynd?
Fynd, founded in 2012, is a multiplatform tech company based in Mumbai, Maharashtra, India. The company was established by Farooq Adam, Harsh Shah, and Sreeraman Mohan Girija.
Specializing in retail-tech solutions, Fynd empowers over 2,300 brands with modular tech infrastructure. The company focuses on omnichannel goals and transforming retail operations through various platforms and tools.
With a workforce of 1001-5000 employees, Fynd continues to innovate and expand its offerings, including retail solutions, workflow automations, and AI & AR solutions.
How Much Funding Has Fynd Raised?
Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the product offering.
Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market reach.
Seed Round
- Amount Raised: $500K
- Date: March 2017
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
Series A
- Amount Raised: $500K
- Date: May 2017
- Lead Investors: Rocketship.vc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand inventory and reach more customers.
Series A
- Amount Raised: $3.4M
- Date: June 2017
- Lead Investors: IIFL Seed Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To increase inventory and enhance customer reach.
Series C
- Amount Raised: $8.7M
- Date: March 2018
- Lead Investors: Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve engagement between consumers and retailers.
Total Amount Raised: $13.1M
Current Valuation: Not publicly disclosed
Key Investors
- Google
- Details: Google is a multinational technology company specializing in Internet-related services and products. It is known for its search engine, online advertising technologies, and various software and hardware products.
- Investment Focus Areas: Technology, AI, Cloud Computing, E-commerce
- Notable Investments: Uber, SpaceX, Airbnb
- IIFL Seed Ventures
- Details: IIFL Seed Ventures is a venture capital firm that focuses on early-stage investments. It is part of the IIFL Group, a diversified financial services company in India.
- Investment Focus Areas: Financial Services, Technology, Consumer Goods
- Notable Investments: Lendingkart, True Balance, Fynd
- Rocketship.vc
- Details: Rocketship.vc is a venture capital firm that invests in early-stage technology companies. The firm uses data science to identify and invest in high-potential startups globally.
- Investment Focus Areas: Technology, AI, SaaS, Fintech
- Notable Investments: Noom, Carta, Fynd
- Venture Catalysts
- Details: Venture Catalysts is an early-stage investment platform that provides funding, mentoring, and networking opportunities to startups. It is one of India's leading incubators and accelerators.
- Investment Focus Areas: Early-stage startups, Technology, Consumer Goods
- Notable Investments: Beardo, PeeSafe, Fynd
- Kae Capital
- Details: Kae Capital is a venture capital firm that invests in early-stage companies across various sectors. The firm focuses on identifying and nurturing high-growth startups.
- Investment Focus Areas: Early-stage companies, Technology, Consumer Internet
- Notable Investments: HealthKart, 1mg, Fynd
What's Next for Fynd?
Fynd's future looks promising as it continues to expand its omni-channel retail product to more brick-and-mortar stores. With the recent funding from Google and other investors, the company is well-positioned to enhance consumer and retailer engagement through platform improvements. This expansion could significantly increase its market presence and revenue potential.
As Fynd scales its operations, future fundraising opportunities seem likely, especially with the backing of high-profile investors. However, the company will need to navigate challenges such as competition from other e-commerce platforms and managing logistics without owning warehouses. Successfully addressing these issues will be crucial for sustained growth and potential future acquisitions.
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