Totspot Raises $1.8M in Seed Funding
Summary
Totspot, a Mountain View, CA-based social marketplace for buying and selling children’s fashion, raised $1.8m in seed funding.The company intends to use the funds to scale its online presence and support the launch of an Android app, which is expected in Q4 2014.Launched less than a year ago by entrepreneurs Vijay Ramani and Vikrant Ramteke, Totspot aims to solve the age-old challenge every parent faces when kids grow operating a social marketplace for buying and selling children’s used fashion.Currently available as a free app for iPhone, iPad and iPod Touch, The platform allows community members to create a user profile and then shop fashions by keyword, size or style.To complete the sale, Totspot sends a prepaid addressed label to the seller to simplify shipping and delivery to the buyer.