KartRocket Raises $2 Million In Series A Funding From Nirvana Venture Advisors and Others

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KartRocket Series A Funding

BigFoot Retail Solutions Pvt. Ltd, which owns KartRocket, a do-it-yourself (DIY) e-commerce platform for Indian retailers, announced on Wednesday that it has raised around $2 million (Approx. INR 12 cr.) in its first round of funding.

The Series A round was led by Nirvana Venture Advisors, 500 Startups and Japan-based Beenos (NetPrice).

The E-commerce enabler platform was founded Saahil Goel, Gautam Kapoor and Vishesh Khurana in 2012 and had raised an undisclosed amount of funds from 5ideas, 500 Startups and angel investor Jatin Aneja last year.

“We’ve already done a lot of heavy lifting in the past year helping design software, integrations and processes to solve pain points in building a website, a mobile site, integrating a payment gateway and most importantly powering automated and cost-effective shipping for Indian SMEs,” said Saahil Goel, CEO and co-founder of KartRocket.

“With the funds, we want to solve the next set of problems around cataloging, mobile, traffic generation and discovery. We’re also planning to expand our presence pan-India including a heavy focus on Tier- II and Tier-III cities,” he added.

The company helps small and medium businesses to launch their web and mobile e-commerce stores with web and mobile site designs, built-in shipping, payment and multi-channel sales integration. KartRocket has partnered with many big players, such as eBay, Amazon and Snapdeal to allow multi-channel sales.

KartRocket has grown from 100 clients to 1900 clients within a short span of one year which includes, Da Milano, Uni Style Image, Valyoo Technologies, TantraTshirts, Gaurav Gupta, Gyans, Divani, Karol Bagh Saree House and Latin Quarters.

Engineering student by education and Entrepreneur by choice. Asish is a TCS Best Student Awardee, NDTV featured student entrepreneur and International School of Entrepreneurship Education awardee. He also worked with many startups and big companies for their business development and strategical growth. Asish has been heading The Startup Journal since its inception in 2014.