DIY e-com platform KartRocket raises funds from 5ideas Startup Superfuel & 500 Startups

Delhi Based startup BigFoot Retail Solutions Pvt Ltd, which owns and operates KartRocket.com, a do-it-yourself (DIY) e-commerce platform for Indian small and medium enterprises (SMEs) and retailers has raised an undisclosed amount in seed funding from 5ideas Startup Superfuel and 500 Startups. 5ideas Startup Superfuel led the round, which also saw participation from  Jatin Aneja, partner at Amarchand Mangaldas.

The funds will be used for increasing sales, as well as scaling technology and services offered. 500 Startups provides early-stage companies with up to $250K in funding, its startup accelerator program, as well as participation in events like SmashSummit and GeeksOnaPlane.

Pankaj Jain, venture partner at 500 Startups, said, “The ability to sell across multiple markets and countries plus being able to manage the whole process from one dashboard is critical for retailers. The Kartrocket team has built a platform that solves a tremendous pain point for retailers and we are very happy to have their team join the 500 Startups family in India.”

Read More Here: http://techcircle.vccircle.com/2013/07/23/do-it-yourself-e-com-platform-kartrocket-raises-seed-funding-from-5ideas-startup-superfuel-500-startups-others/

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