Total amount raised
$2.2 Millions
Latest funding date
06/01/2021
Location
QuickSell has successfully raised $2,000,000 in a Seed round, with investments from BEENEXT and Info Edge Ventures. The platform is designed to boost conversion rates on WhatsApp by offering features like e-commerce catalogs, real-time notifications, and live analytics.
Keep reading to explore the intricacies of QuickSell's fundraising journey and the investors backing this innovative platform.
What Is QuickSell?
QuickSell, founded in 2017, is a sales acceleration platform based in Mumbai, Maharashtra, India. The company was established by Deepak Bhagchandani and focuses on helping small and medium-sized businesses scale their relationship-led sales through personal commerce.
QuickSell enables merchants to create mobile catalogues, share them over WhatsApp, and track customer interactions to boost conversion rates. The platform offers features like curated catalogues, real-time notifications, and live analytics to enhance sales efficiency.
With a team of 51-100 employees, QuickSell is dedicated to transforming conversations into conversions, making it a valuable tool for businesses looking to leverage personal commerce for growth.
How Much Funding Has QuickSell Raised?
- Seed Round
- Amount Raised: $2,000,000
- Date: June 8, 2021
- Lead Investors: BEENEXT, Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, expand the team, and enhance the product.
- Pre-Seed Round
- Amount Raised: $225,000
- Date: March 1, 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at initial growth and development.
Total Amount Raised: $2,225,000. Current Valuation: Not publicly disclosed.
Key Investors
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage technology startups. The firm is known for its hands-on approach and extensive network in the tech industry.
- Investment Focus Areas: SaaS, fintech, health tech, consumer internet
- Notable Investments: NoBroker, CitrusPay, TrustingSocial
- Info Edge Ventures
- Details: Info Edge Ventures is a venture capital fund associated with Info Edge, an Indian internet company known for its online classifieds businesses. The fund focuses on early to mid-stage investments.
- Investment Focus Areas: Technology, internet-based startups
- Notable Investments: Zomato, PolicyBazaar, Naukri.com
Valuation: Not publicly disclosed.
What's Next for QuickSell?
QuickSell stands at the cusp of significant growth opportunities, driven by the increasing adoption of digital tools among small and medium-sized businesses (SMBs). With over 600,000 organic users across 100 countries, the platform is well-positioned to scale its operations and enhance its product offerings to cater to a broader audience.
Future fundraising rounds seem likely as QuickSell continues to expand its team and develop new features. The successful Pre-Series A round indicates strong investor confidence, paving the way for potential Series A and beyond. However, the company must navigate challenges such as competition from other SaaS providers and the need for continuous innovation to stay ahead.
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