Smartphone Retail Tech Platform SmartDukaan Raises $10 Mn In Funding
SmartDukaan, a smartphone retail tech platform, has raised $10 million in a pre-series A funding round led by Findoc Finvest. Leafberry Ads and several angel investors also participated in the funding round.
As per the startup, the freshly raised funds will be utilized for franchise partnerships, enhancing the technology infrastructure and expanding their product portfolio, along with talent acquisition.
SmartDukaan | Smartphone Retail Tech Platform
Founded by Tarun Verma, SmartDukaan is a smartphone retail tech platform that claims to have a network of 350 stores spread across 100 cities in north India.
The startup has tied up with smartphone brands such as Samsung, OnePlus, Vivo, Oppo, and others.
Speaking about the development, Tarun Verma, Founder and CEO of SmartDukaan, said,
“This funding will serve as a catalyst for us to enhance and expand our network across the country. Our mission remains to be the largest mobile retail network of India, digitizing and empowering retailers and also inviting aspiring entrepreneurs to be part of a profitable mobile retail business.”
SmartDukaan has created a tech-led Retail & Distribution network that has revolutionized the distribution of smart products across urban, semi-urban & rural areas.
The firm has a strong track record of delivering exceptional service to both its franchisee partners and end-consumers. And with the freshly raised funding, the smartphone retail tech platform is well poised to elevate its performance further. The investment will go a long way towards reinforcing its commitment to customer satisfaction and operational excellence.
Currently, SmartDukaan is in an expansion phase and aims to establish a total of 500 stores by December 2023. As per the firm, the raised funds will be utilized to strengthen its back-end operations and elevate its service offerings to end consumers.
The funding round was led by Findoc Finvest, which is an Indian financial and investment firm dealing with a range of financial products. It offers stock trading services to help institutions, businesses, and individual investors grow their wealth.
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