A Bengaluru based Omni-channel retail technology startup Perpule has secured $4.7 million in series A round funding, led by Prime Venture Partners with the participation of its existing investors Kalaari Capital and Venture Highway.
In an aim to to use the A series round funding for expanding its presence into thousand of retails outlet across 10 cities by next year.
Founded in October 2016, by two ex-Goldman Sachs employees Abhinav Pathak, Saketh BSV and Yogesh Ghaturle. Perpule provides self-checkout and self-ordering solutions which give consumers more convenience while shopping at offline grocery stores, supermarkets, restaurants, and office cafeterias.
Perpule, Co-founder and CEO Abhiva Pathak said “This is a great milestone for us and we are delighted to partner with Prime and continue our relationship with Kalaari and Venture Highway. Omnichannel retail and consumer commerce will redefine the shopping experience for customers. We believe that using the right technology and the power of mobile, we can better such experiences and build solutions which work seamlessly across all platform.”
According to the company, “it has more than 500,000 consumers who are using Perpule and work with some big brands like Big Bazar, Vishal Mega Mart, More, HyperCity and others mostly in Hyderabad and Bengaluru.”