Funding Alert

WINDO An Instagram-Focused Commerce Startup Raises Funding Of $500K

• ByStartupStory     |    June 24, 2021

WINDO An Instagram-focused commerce startup in an announcement on Thursday revealed raising funding of  $500,000 in a seed round led by Unicorn India Ventures. The round also saw participation from prominent angels like Meena Ganesh, CEO of Portea, Aravind Sanka, CEO of Rapido; Srinivas Anumolu of GrowthStory and Vivek Bhargava, a digital media expert and Co-founder of ProfitWheel. WINDO willl use the funds for product development and to enhance the customer experience while growing and aiming to achieve product-market fit, and to also launch outside India regions.

Silus Reddy, Co-founder and CEO, WINDO, said, regarding the funding, “We want to act as a technology team for solopreneurs and small businesses and help them build their online store in under two minutes by helping them convert their Instagram page into an online store, all while keeping it affordable and flexible. We believe that anyone, anywhere should be able to start selling online easily and we are working towards the same.”

“Instagram has emerged as the most powerful social tool for internet consumers. Shoppers spend hours on Instagram to discover trends and products matching their preferences. We expect social commerce with a focus on Instagram to become a highly attractive segment in the next two years. At Unicorn India Ventures, we have always backed high potential startups,”Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, said.

 

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