You are here: Home » PTI Stories » National » News
Business Standard

Perpule garners $4.7 mn from Prime Venture, Kalaari, Venture Highway

Topics
Business Finance

Press Trust of India  |  New Delhi 

Perpule, an omni-channel retail tech company, said Wednesday it has raised USD 4.7 million (about Rs 34 crore) from Prime Venture Partners, Kalaari Capital and Venture Highway.

Perpule plans to use the funds for significant expansion into thousands of retail outlets across 10 cities in the next year, the company said in a statement.

It is already working with leading retailers such as Big Bazaar, Vishal Mega Mart, SPAR, MORE, HyperCITY as well as Quick Service Restaurants (QSRs) such as KFC among others.

Through Perpule's app, customers can scan barcodes on items available at the retail store, and get all the offers and pricing for the products. They can also checkout and pay for the products using the app itself.

Earlier in 2017, the company had raised a seed round of USD 650,000 from Kstart, the seed fund of the Kalaari Capital, Venture Highway and Raghunandan G.

"Perpule growing significantly in their customer base in the last 18 months is a testament to the disruptive online to offline solution they have built. Tailor made to suit Indian retail conditions, the platform adds significant value to offline retailers," said Vani Kola, Managing Director at Kalaari Capital.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 14 2018. 17:25 IST
RECOMMENDED FOR YOU