Voodoo raises $1 mn seed funding from Saif Partners
Advertisement
In a seed funding round, deals and price comparison app Voodoo has raised $1 million (around Rs 65 lakh) from Saif Partners.
The firm was founded by Mohit Mittal and Vijay Reddy and currently operates with a team of ten people and claims to have 1,200 downloads so far.
Voodo enables people to get price comparison from 26 e-Commerce apps like Flipkart, Snapdeal, Amazon, Uber, Ola, Foodpanda and Zomato Order, among others.
Voodoo has the potential to become one of the most popular Indian apps, and are really excited to partner with Mohit and the team on this journey, according to SAIF Partners Principal Mukul Arora.
Voodoo Technologies, which launched the app last week, said the fresh funds will be used to build a unique mobile first global shopping experience.
Mittal said there are so many mobile apps in every category and all of them have something amazing to offer. “Voodoo picks the best stuff from all of them and serves our consumers with the finest recommendations," he added.
In 2014, Mittal along with Reddy and another Manikanta Nikhil had founded offlineapp store Preburn which was later acquired by now Snapdeal-backed Freecharge for an undisclosed amount.
Besides Voodo, there are other players operating in this space which include Junglee, PriceDekho and MySmartPrice, which is backed by Accel Partners and Helion Venture Partners.
SAIF Partners is a leadingventure capital firm with over USD 4 billion under management and has investments in around 40 companies including MakeMyTrip, JustDial, PayTM, BookMyShow and Urbanladder.
The venture capital firm recently hired former Freecharge CEO Alok Goel for early-stage investments.
(Image: Indiatimes)
Advertisement
The firm was founded by Mohit Mittal and Vijay Reddy and currently operates with a team of ten people and claims to have 1,200 downloads so far.
Voodo enables people to get price comparison from 26 e-Commerce apps like Flipkart, Snapdeal, Amazon, Uber, Ola, Foodpanda and Zomato Order, among others.
Voodoo has the potential to become one of the most popular Indian apps, and are really excited to partner with Mohit and the team on this journey, according to SAIF Partners Principal Mukul Arora.
Voodoo Technologies, which launched the app last week, said the fresh funds will be used to build a unique mobile first global shopping experience.
Advertisement
In 2014, Mittal along with Reddy and another Manikanta Nikhil had founded offline
Besides Voodo, there are other players operating in this space which include Junglee, PriceDekho and MySmartPrice, which is backed by Accel Partners and Helion Venture Partners.
SAIF Partners is a leading
The venture capital firm recently hired former Freecharge CEO Alok Goel for early-stage investments.
Advertisement
In March, it had also raised $350 million for a new India-focused fund.(Image: Indiatimes)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market