E-commerce firm Combonation secures $2 million in its pre-seed funding round
- ByStartupStory | August 1, 2022
Combonation has raised $2 million in pre-seed capital. In its pre-institutional seed round, the Delhi-based startup signed a $2 million deal with an unnamed group of private investors. It plans to use the money mostly for recruiting new staff members and expanding its business. In the upcoming six months, the company also plans to open over 50 physical retail locations in Delhi-NCR. It also said that it has developed a plan to spread out to more than 100 places in Northern India.
The co-founder of the business, Pooja Sodhi, has managed branding and marketing initiatives for industry giants like Apple and Samsung. She created Combonation, the premier and distinctive business combo-deal destination in India.
The company’s founder and MD, Saurabh Nanda said, “Pricing parity is the top objective for any CEO or management across online and offline platforms, which is regrettably not possible due to the different pulls and pressures of online and offline. This results in either disgruntled trade members and downward pricing pressures or the need for a separate range for offline and online channels, which results in inventory pressures.”
He further stated, “By offering substantial discounts without disclosing the particular pricing of each SKU or brand, Combonation reduces the trade imbalance and fosters peace between online and offline trade platforms, keeping both customers and traders satisfied with a sense of mystery and excitement.”
About Combonation
Combonation is the new 24-hour online shopping destination founded by Saurabh Nanda for the finest bundle discounts on goods in a variety of categories, including groceries, home goods, baby care, personal care, and men’s grooming. The shopping assistant will be the company’s AI-powered technology.
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