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Fynd

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Fynd
200px
Type of businessPrivate
Type of site
E-commerce
HeadquartersMumbai, India
Area servedIndia
Founder(s)Farooq Adam
Harsh Shah
Sreeraman Mohan Girija
WebsiteFynd
CommercialYes
RegistrationRequired
LaunchedSeptember 27, 2012
Current statusActive

Shopsense Retail Technology Private Limited, d/b/a Fynd is an Indian e-commerce company headquartered in Mumbai, Maharashtra, India and was founded in September 2012.[1]

History[edit]

Fynd was established on September 27, 2012 by Farooq Adam, Harsh Shah and Sreeraman MG who were all alumni of IIT Bombay.[2] Fynd (registered as Shopsense Retail Technology Pvt. Ltd.) had started off as an analytics company for customer engagement in 2012.[3] Initially set up as a B2B platform, the company connected offline stores with online platforms.[4] Fynd integrated product inventories of retail brands and apportioned them to demand channels, including major e-commerce platforms.[5][6] The company claims to operate pan-India and does not own any warehouse or logistics unit.[7]

Funding[edit]

In January 2017, Fynd raised an undisclosed amount of funding in pre-series A, from Anand Chandrasekaran, former Chief Product Officer of Snapdeal.[8] Further, the company raised $3.4 million (around Rs 21 crore) from IIFL Seed Ventures, Venture Catalyst and others in June 2017.[9]

In March 2018, Fynd raised an undisclosed amount of funding in its Series C round led by Google among other participants.[10]

In August 2019, Reliance Industries Limited acquired an 87.6% stake in Fynd for 295 crores and has an option to further invest up to ₹100 crores by December 2021.[11][12][13]

See also[edit]

  • E-commerce in India
  • Online shopping
  • Retail

References[edit]

  1. "Making it big in the e-commerce platform". The New Indian Express. Retrieved 2020-04-13.
  2. "SHOPSENSE RETAIL TECHNOLOGIES PRIVATE LIMITED - Company, directors and contact details | Zauba Corp". www.zaubacorp.com. Retrieved 2020-03-18.
  3. "Fynd: Helping people find offline brands online". The Financial Express. 2019-11-04. Retrieved 2020-03-18.
  4. Sachitanand, Rahul (2017-07-09). "How a bunch of startups hope to breathe fresh life into the beleaguered online fashion market". The Economic Times. Retrieved 2020-05-04.
  5. "Corporate Announcement" (PDF). Unknown parameter |url-status= ignored (help)
  6. Kalpathi, Subramanian S. (2016-09-15). The Millennials: Exploring the World of the Largest Living Generation. Random House India. ISBN 978-93-86057-94-5. Search this book on Amazon.com Logo.png
  7. "Fynd: Inside the O2O platform's diversification plans". SmartCEO. 2018-09-20. Retrieved 2020-03-18.
  8. "Fynd secures funding from FB executive Anand Chandrasekaran". Moneycontrol. Retrieved 2020-03-18.
  9. "Fynd raises $3.4 mn from IIFL Seed Ventures, others". Moneycontrol. Retrieved 2020-03-18.
  10. Ali, Shamshad (2018-03-29). "Mumbai-based Fynd secures Series C funding round from Google". Entrackr. Retrieved 2020-03-18.
  11. "India's Reliance to buy majority stake in Google-backed Fynd for $42.3M". TechCrunch. Retrieved 2020-03-18.
  12. Deoras, Srishti (2019-08-07). "With Its Startup Acquisition Spree, Reliance Might Soon Be A Tech Powerhouse". Analytics India Magazine. Retrieved 2020-04-13.
  13. "Ambani's Reliance to buy majority stake in Google-backed Fynd". The Economic Times. 2019-08-05. Retrieved 2020-03-18.

External links[edit]


This article "Fynd" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Fynd. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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