Klip.in Secures Funding From Mumbai Angels, VentureNursery
by Charmi Gutka
Smursh Ecommerce, the company behind Klip.in has secured undisclosed investment from VentureNursery’s angels and Mumbai angels, Iamwire states.
Recently in July, the company had raised funding from VentureNursery Angel to build technical resources for product features and building initial user base.
KLIP is a Season-2 graduate of VentureNursery’s acceleration program that concluded in April 2013.
Founded by Harsh Gadia and Maneesh Madambath, Smursh Ecommerce Pvt Ltd was established in 2011. Klip is a product aggregating company that helps online shoppers discover lifestyle products that they find interesting. It is a social discovery and curation tool for e-commerce. KLIP’s larger agenda is to connect people with products they like, regardless of where those products are. Klip.in's tool is platform independent as it is looking to tap the mobile segment.
Amit and Arihant Patni, the eldest of the Patni brothers are set to launch Hive Technologies, a venture replicating the model of US based The Hive, to incubate and invest in data analytics startup, ET state. The venture aims to invest R1.3 to R13 Cr in data analytic startups across the country that are already generating revenues with an exit horizon of 8-10 years.
Flipkart has announced the much speculated third round of funding this year, which values the seven year old marketplace at a whopping $11 Bn (c.R66,000 Cr). Along with the funding, Flipkart has also filed for changing its entity status to public.