Bangalore: Mumbai based Logicserve Technologies Pvt. Ltd. which owns and operates Couponraja.in and Compareraja.in, raises $500,000 from Mahesh Patrapnani, Managing Director of EmergeOut Ventures – a Singapore-based VC fund and Pallab Chatterjee, Managing Director of Symphony Technology Group. A group of unnamed investors also participated in the round. The company will utilize the funds to improve its technology infrastructure and to increase its existing user base. As a part of the deal, Mahesh Patrapnani and Pallab Chatterjee will join Logicserve as its Board of Directors.
Founded in 2012 by Rohit Chugh and Prasad Shejale, Logicserve is a global online advertising group which has been instrumental in embedding true value in its clients' business, since its inception. With strong presence in U.S., UK and other major European countries, the company claims to have over five million page visits (including both their portals Couponraja.in and compareraja.in) every month and also to have been handling over 3000 transaction daily for brands like Flipkart, Snapdeal, Amazon, Foodpanda and Paytm.
The users can also access both the portals through the company’s mobile apps which are available on Android, iOS and Windows. With its recently launched browser plugin of the service, the company is also planning to increase their areas of operation before the next round of funding.