Pune-based shopping cum price discovery platform Wicfy raises follow-on investment from a group of investors
Summary
Pune-based shopping discovery platform Wicfy has secured undisclosed amount of follow-on funding from multiple investors including Ecosystem Ventures in Silicon Valley, Everest Management Fund in Switzerland, and prominent angel groups based out of Singapore and India. In India, we are still early when it comes to the startup ecosystem, hence having capital from Europe and the US, talent from Silicon Valley, and local knowledge, may prove to be the way of creating companies in the future.” Launched in 2010 by BITS Pilani alumnus Arun Purohit and software specialist Rajeshwari Joshi, Wicfy offers a web-based price comparison and discussion platform for users to share cheap pricing, products and sellers. Wicfy enables users to search for products across various categories in cities like Delhi, Mumbai, Bangalore, Pune and Kolkata. Last week Delhi-based search engine and price comparison platform Buyt.in had raised $1 million as strategic investment from digital advertising firm ValueFirst. In January this year Mumbai based price comparison platform for offline retailers Pricebaba raised seed investment from a group of five entrepreneurs cum investors.