Tuesday, November 5

Tag: Amit Sharma

Narvar Secures Millions of Funds from US-based Accel
FUNDING

Narvar Secures Millions of Funds from US-based Accel

E-commerce premium post-purchase customer engagement platform Narvar has secured funds amounting to $30 million in a funding round. The round was led by US-based venture capital firm Accel along with participation from Salesforce Ventures, Scale Venture Partners and existing investors Battery Ventures. With this funding round, the company is aiming to scale its India business over the next 3 years. It expects to onboard its first set of e-commerce and retail clients by the end of September in keeping with the festive season. As a part of the development, Ryan Sweeney, partner at Accel, will join Narvar’s board. As of now, the company has worked with over 500 international retailers to build their customer engagement platforms for customer service and post purchase experience providin...
B2B Startup ShopX Secures $35 Million to Boost Expansion
FUNDING

B2B Startup ShopX Secures $35 Million to Boost Expansion

B2B firm ShopX has reportedly raised an amount of $35 million in a fresh funding round from Fung Strategic Holdings. The primary purpose of this funding is to fuel the company’s expansion plans. The funds so raised are being planned to use in the strengthening of ShopX’s products and engineering teams. Along with this, the company also plans to strengthen its FMCG offerings and credit services. “We believe that credit is a game-changer in this industry,” said Amit Sharma, co-founder of ShopX. “While we will not be providing credit directly, we will do so through NBFCs and invest heavily in this vertical,” he added. Prior to this funding round, ShopX has secured funds of over $18 million from its early investor, Nandan Nilekani. Amit Sharma also stated that the company has also partner...