How Much Did Fynd Raise? Funding & Key Investors

Fynd has successfully raised funding over 7 rounds, with the latest being a Series C. The company is backed by notable investors, including Google and IIFL Finance.

Fynd's journey in securing investments has culminated in its acquisition by Reliance Industries. 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 an AI platform for commerce businesses based in Mumbai, Maharashtra, India. The company operates in various industries, including Commerce, AI, Big Data, Gaming, and Payments.

With a workforce of 1001-5000 employees, Fynd offers a wide range of solutions such as website building, marketplace selling, supply chain management, and retail store solutions. The company has been acquired by Reliance Industries and continues to innovate in the fields of AI and commerce.

How Much Funding Has Fynd Raised?

1. Series C
   • Amount Raised: USD 8,730,000
   • Date: March 2018
   • Lead Investors: Google
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance the platform’s engagement with consumers and retailers.
2. Series A
   • Amount Raised: USD 3,400,000
   • Date: June 2017
   • Lead Investors: IIFL Seed Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Likely for initial scaling and development.
3. Series A
   • Amount Raised: USD 500,000
   • Date: May 2017
   • Lead Investors: Rocketship.vc
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Likely for further growth and expansion.
4. Seed
   • Amount Raised: USD 500,000
   • Date: March 2017
   • Lead Investors: Venture Catalysts
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage development and operations.
5. Seed
   • Amount Raised: Not publicly disclosed
   • Date: November 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage development and operations.
6. Seed
   • Amount Raised: Not publicly disclosed
   • Date: December 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage development and operations.
7. Seed
   • Amount Raised: Not publicly disclosed
   • Date: September 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage development and operations.

Total Amount Raised: USD 12,530,000. Current Valuation: Not publicly disclosed.

Key Investors

• Google
  • Details: Google is a global technology company specializing in internet-related services and products. It is known for its search engine, advertising services, and various software and hardware products.
  • Investment Focus Areas: Technology, AI, innovative tech platforms
  • Notable Investments: Waymo, DeepMind, SpaceX
• IIFL Seed Ventures
  • Details: IIFL Seed Ventures is an investment firm focusing on early-stage startups. It is part of the IIFL Group, which provides a range of financial services.
  • Investment Focus Areas: Technology, finance, early-stage startups
  • Notable Investments: PolicyBazaar, Lendingkart, Fynd
• Rocketship.vc
  • Details: Rocketship.vc is a venture capital firm that uses data science to identify and invest in high-potential startups. The firm focuses on technology-driven companies.
  • Investment Focus Areas: Technology, data-driven startups
  • Notable Investments: Not publicly disclosed
• Venture Catalysts
  • Details: Venture Catalysts is an early-stage investment firm that provides funding and mentorship to startups. It operates across various sectors, including technology and healthcare.
  • Investment Focus Areas: Technology, healthcare, consumer products
  • Notable Investments: Beardo, PeeSafe, Fynd
• Kae Capital
  • Details: Kae Capital is an early-stage venture capital firm that invests in technology and consumer internet startups. The firm aims to support innovative and scalable businesses.
  • Investment Focus Areas: Technology, consumer internet, healthcare
  • 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 a strong market presence and the backing of high-profile investors like Google, the company is well-positioned to enhance consumer and retailer engagement through improved platform features.

Given the vast fashion retail market in India, Fynd has ample opportunities for growth. The company may attract more funding rounds to support its expansion plans, leveraging its innovative business model and market potential. However, Fynd will need to navigate challenges such as competition from other e-commerce platforms and managing logistics costs without owning warehouses or a logistics fleet.

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