PriceBaba, a Mumbai, India-based startup that is developing a shopping intelligence engine, raised a seed funding round.
The amount of the deal was not disclosed.
Backers included Silicon Valley early stage investor 500 Startups, Karamveer Singh and Dinesh Tejwani.
The company, which is joining the sixth class of 500 Startups’ business accelerator in Mountain View, California, will use the funds to expand its offering across 10 Indian cities by the end of 2013.
Co-founded by Annkur P Agarwal and Tirthesh Ganatra, PriceBaba provides research data for purchasing a mobile phone and helps shoppers connect with local retailers to complete their purchase. The platform currently lists over 400 retail stores across Mumbai, Delhi, Gurgaon, Noida and Pune focusing on the mobile phone market.
Earlier this year, the company had raised funding from a group of angel investors including the same Singh and Tejwani, and Aditya Mishra (Switchme.in), Ashutosh Rathi (Basil Partners) and Ranjeet Walunj (The Service Solutions).
FinSMEs
14/05/2013