With the help of Findoc Finvest Pvt. Ltd., smartphone retail chain SmartDukaan has raised $10 million in a pre-Series A funding round. Along with other angel investors, Leafberry Ads Pvt. Ltd. participated in the round.
According to a press release from the company, SmartDukaan plans to use the investment for talent acquisition, franchise partnerships, and improving technology infrastructure.
“Our unwavering mission remains to be the largest mobile retail network in India, digitising and empowering retailers, and also inviting aspiring entrepreneurs to be part of a profitable mobile retail business,” said Tarun Verma, CEO and Founder, SmartDukaan.
In north India, SmartDukaan asserts to have a network of 350 stores spread across 100 cities. In addition, it intends to grow to 500 locations by the end of December 2023.
It has partnerships with several smartphone manufacturers, including Samsung, OnePlus, Vivo, and Oppo.
Findoc is a financial and investment firm based in India that offers a variety of financial products. The company provides stock trading services to assist organizations, companies, and private investors in increasing their wealth.