Bangalore: Delhi based Hyperlocal marketplace app Zopper raises $20 million in a series B round of funding from existing investor Tiger Global and Nirvana Ventures Advisors. The funds will be utilized to expand its operations in 30 cities in India. The company also expects to deploy the funds to hiring talent and advanced technology in order to accelerate the growth of the company. The company had also raised series A funding of $5 million from Tiger Global Management LLC and Nirvana Venture Advisors last year.
Incorporated in 2011 by Surjendu Kulia and Neeraj Jain, Hyperlocal mobile marketplace, Zopper helps users to buy products from physical retail stores via mobile phone apps and get the products delivered from their nearby trusted stores. Available on the web and on mobile apps across iOS, Android, Windows Phone 8 and BlackBerry, the firm claims that 60 percent of their traffic came from mobile phones as the app has reception in cities like Mumbai, Bangalore, Pune, Hyderabad, Chennai and Kolkata and many more.
Expanding its reach, the company has tie-up with the Mobile Store to reduce the risk of a credit purchase, returning products and warranty problems. Claims to features around 5,00,000 offline retailer, the company’s top searches, product categories include electronics, home appliances and home entertainment and many more.