Second Hand Item Marketplace ListUp Raises $500K in Seed Funding

listupListUp, a Mumbai, India-based app to buy and sell used goods, raises $500k in seed funding.

The round was led by Kae Capital with participation from Kunal Shah (FreeCharge, Chairman) and Sandeep Tandon (Tandon Group). Sasha Mirchandani (Founder, Kae Capital) will be joining the board in conjunction with the funding.

The company intends to use the funds for product enhancement such as utilizing data to give personal recommendations, offline and online marketing, and the creation of network density in their target markets.

Launched in January 2016 by Sumit Gupta, Pulkit Gupta and Saurabh Jain, ListUp focuses on P2P exchange of secondhand goods, which aims to bridge buyers & sellers using technology in a way that was never done before.
Centred around geographical proximity, ListUp enables people to discover goods being sold in their neighbourhood, thereby minimizing the time between contacting the seller via direct chat and meeting them in person.
All ListUp users are socially verified.

FinSMEs

09/06/2016

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