NEW DELHI, June 13, 2018
/PRNewswire/ -- Zamroo, the leading mobile marketplace for
local buyers and sellers in India which redefined the way used
goods are bought and sold online has raised another round of
seed funding from Singapore based
angel investor. The funding will allow the company to further
strengthen its position in consumer-to-consumer market in
India.
While the terms of the transaction were not disclosed, the
New Delhi-based company will use
the proceeds towards boosting its technology platform and client
acquisition.
Zamroo has established itself as one of the leading players in
C2C space in India, said
Naresh Nagpurkar the investor at
Zamroo; and achievements of the young company are hugely impressive
and I am excited to be part of the team. Zamroo is today one of the
trusted platforms in the digital classified space in India and I am inspired by their core team and
innovative services offered on the platform in this fast-growing
market for used goods. "All of the work done in the digital
classified space till date has been focused on number of listings,
rather than quality of the listings," said
Naresh Nagpurkar.
"The market of local buying and selling hadn't changed
significantly in two decades until Rakesh and team imagined what a
smartphone could do to deliver an easier, faster and more enjoyable
user experience," said Naresh
Nagpurkar. "That vision has helped expand the market, as
people who never before posted items for sale have discovered how
easy it is to use Zamroo. Today, Zamroo is one of the fastest
growing marketplaces, turning a passion for user experience and
engagement into a category leader in local buying and selling."
"We have built Zamroo into the kind of marketplace that people
want - it allows them to buy and sell things directly from their
mobile phones on click of the button more securely,"
said Rakesh Kapoor, founder and CEO, Zamroo. "Understanding
the limitations of traditional marketplaces in India, Zamroo is committed to provide a
reliable platform keeping in mind the security, privacy, user data,
confidentiality, etc to its users. With Zamroo, buyers can
rate sellers on click of a button, which helps in making the
platform more reliable than others.
"Mr. Naresh's vast experience in diversified markets globally,
makes him an ideal partner as we continue to scale our business and
expand globally," said Kapoor. "Our new investor is passionate
about our product and we expect his valuable insights to make our
product better, as we continue to rollout the product in
India and globally.
"Having seen significant and sustained growth since day one, we
are now ready to expand our product to more cities which includes
the features and security our customers are asking for,"
Kapoor said. "Small businesses want access to relevant
information within specific contexts and we are working towards
that. Zamroo allows you to keep your finger on the pulse of
your business and be in control of the most critical functions, on
mobile apps or the web."
ZAMROO has close to 300,000 plus listings active on its platform
and has 58,000 plus sellers registered across PAN India. It is
growing exponentially by word of mouth publicity. It is available
on web as well as its user-friendly
mobile apps are available on Google Playstore and Apple store.
KPMG-Google report on digital marketplace highlights, used goods
market in India was at
USD 19 billion (INR 115,000 crores) in FY-15 and revenues in the
sector are growing at 29.5 percent CAGR. Platforms catering to
multiple categories (horizontal marketplace) would continue to lead
with about 30 percent market share. Click to view the report:
https://goo.gl/V39KC3
About Zamroo
Zamroo is the fastest growing mobile marketplace to buy and
sell locally. Zamroo team is working to create the best experience
for local buying and selling used goods online. Their motto is
"Easy Buy. Easy Sell".
ZAMROO was launched after the founders acknowledged/witnessed
myriad user-inconveniences in current online marketplaces like
difficulty in browsing, expensive listing fees and limited product
variety users were looking for. They wanted to create a simple and
secure environment where buyers and sellers can easily trade goods
from the palm of their hand. Using the power of your smartphones,
Zamroo has made selling as simple as taking a selfie and buying as
easy as commenting on one. And it's absolutely free for
everyone to use.
For more information, visit https://www.zamroo.com and
download the Zamroo app for Android and iOS devices.
Related Links
https://www.facebook.com/Zamroo.India
Related Video
http://www.youtube.com/watch?v=gOIeSFDdwUc
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SOURCE ZAMROO