1. Ratan Tata invests in Bengaluru retail-tech start-up SnapBizz

Ratan Tata invests in Bengaluru retail-tech start-up SnapBizz

Bengaluru-based retail-tech start-up SnapBizz has raised an undisclosed amount from Ratan Tata, chairman emeritus, Tata Sons.

By: | Published: February 16, 2016 1:34 AM

Bengaluru-based retail-tech start-up SnapBizz has raised an undisclosed amount from Ratan Tata, chairman emeritus, Tata Sons. The start-up partners with local kirana stores to deliver groceries and currently operates across Mumbai, Pune, Delhi, Hyderabad, Chennai and Bengaluru.

Earlier, SnapBizz had raised $7.2 million in Series A funding led by Jungle Ventures, Taurus Value Creation, Konly Venture and Blume Ventures in January this year.

“A visionary of Mr Tata’s stature showing confidence in SnapBizz is certainly a big boost for our business idea and will continue to accelerate the digital revolution in India’s kirana stores. Brands are also seeing this an opportunity to partner with us in order to be a well wisher of the retailers and get the share of mind of the retailer to appropriate the positioning as the company that cares for the retailers,” Prem Kumar, CEO and founder of SnapBizz, said. fe Bureau

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