It is the raining season of funding and this time it is the lifestyle and fashion couponing platform, which started its ventures from brick and mortar stores, Shopholix. The company has raised a notable amount of Pre-Series A round funding of Rs 1.5 Crore led by old hand investors Munesh Khanna.
With an intention to expand in the diverse geographical stretch, Shopholix will use the funding to fortify the partner network, product, organize and manage total operation by March 2018.
Shopholix is the web and mobile app based interface that facilitates shoppers to plan, locate, and explore their shopping trips. The company was founded by Chinmay Bhatt, Hemant Upadhyay, and Abhinav Midha.
The company through its platform presents an exclusive prospect to the offline retailers to work together with digital shoppers, and grab the control over the traffic of incoming users via digital payments, coupon redemptions, and point of sales system.
The platform also impeccably amalgamates with retail CRM of ant brand to assist in bringing current customers on board on the Shopholix platform. This gives the customers superior experience of the advanced level of shopping. Abhinav Midha, Co-founder Shopholix said, “Scalability is the prime vision which is followed by the full squad of Shopholix through entrepreneurial terms for both operations and product as well. However, it became crucial for us to look for such investors who will not only help us through their wide network in the market but also bring their expertise and knowledge of expanding businesses.”
Munesh Khanna said, “The company has come up exponentially and all credit goes to the technologies for offline retailers, innovative business models, and leveraging digital tools.”
The company intends to onboard 10 Lakh total users and touch the mark of Rs100 Crore in the form profit valuation by 2022.
Shopholix also wants to make its existence across Tier-1 and Indian metros with an inclusion of most preferred shopping destinations such as Singapore, Hong Kong, Abu Dhabi, Dubai, and Bangkok.