ChattyBao Technologies raises over $5M in funding led by Info Edge, Vertex Ventures
- ByStartupStory | July 28, 2022
ChattyBao, a WhatsApp-based e-commerce firm based in Delhi, raised more than $5 million in a seed funding round. Vertex Ventures South East Asia and India and Info Edge Ventures jointly led the financing round. 7Square Ventures and a number of well-known angel investors also took part. Small business owners and service providers constitute the backbone of the Indian retail sector, according to Kanika Mayar, Partner, Vertex Ventures South East Asia and India.
Kumar Aditya, co-founder of ChattyBao said, “Local firms in India have long fought off competition from larger players thanks to their entrepreneurial spirit. ChattyBao will considerably improve their ability to provide an e-commerce experience to their users, allowing them to compete effectively with online players.”
Chinmaya Sharma, the partner at Info Edge Ventures said, “The founding team of ChattyBao has a thorough understanding of Indian consumers’ and retailers’ requirements and behaviours, which will enable them to create solutions that will enable local business owners to compete on an equal footing with internet businesses. We are thrilled to work with Kumar and Varun to give merchants access to conversational commerce over WhatsApp. Their offering is demonstrating their customer-centric approach and in-depth understanding. We are certain that the team can develop the product and create a platform that will transform local trade in India.
About ChattyBao
The ChattyBao platform was founded in 2021 by Varun Gupta, a former director at B Capital Group, and Kumar Aditya, a former chief business officer at Paytm, who links customers with nearby companies (stores and services) and gives them a seamless buying experience using WhatsApp. Users may find local merchants on the site, communicate with them, place orders, and get home delivery without having to download other apps.
Follow Startup Story
Related Posts
