Retail tech platform SmartDukaan raised $10 million in a Pre-Series A led by Findoc Finvest Pvt. where Leafberry Ads Pvt. Ltd. and other angel investors also participated.
Funding to Fuel Expansion and Strengthen Offerings
SmartDukaan plans to utilize the funding to expand its reach and enhance its offerings. The infusion of funds will enable the company to upgrade its technology infrastructure and improve its supply chain management capabilities.
SmartDukaan’s Product Portfolio Expansion and Streamlined Operations
The funding will also support SmartDukaan’s efforts to expand its product portfolio and streamline operations to better serve the evolving needs of millennial consumers. The company aims to be at the forefront of digitizing and empowering retailers across India, while also inviting aspiring entrepreneurs to join its profitable mobile retail business.
Focus on Network Expansion and Operational Excellence
SmartDukaan is currently in an expansion phase and aims to establish a total of 500 stores by December 2023. The allocated funds will be used to strengthen the company’s back-end operations and enhance its service offerings to end consumers. With a strong track record of delivering exceptional service to its franchisee partners and end-consumers, SmartDukaan is well-positioned to further elevate its performance with this substantial investment. The funding reinforces the company’s commitment to customer satisfaction and operational excellence.
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