Ecommerce enabler startup Flash raised $5.8 Mmillion in seed led by Global Founders Capital (GFC)

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Ecommerce enabler startup Flash raised $5.8 Mmillion in seed led by Global Founders Capital (GFC) where White Venture Capital, Zinal Growth, Soma Capital, Emphasis Ventures, Peer Capital and angel investors including Flipkart’s founder Binny Bansal, CRED’s Kunal Shah, Bain & Co’s Arpan Sheth, Udaan’s Sujeet Kumar, PAG Venture’s Nikhil Srivastava, Groww’s Lalit Keshre and GOAT’s Rishi Vasudev, among others have also participated.

The new startup, which will first launch in India, aims to cater to the top 25 million ‘power shoppers,’ who account for nearly 70% of the country’s online shopping revenue and are expected to increase to 65 million by 2030. Flash will introduce a unified digital identity that can be used across platforms to address potential challenges for these power shoppers such as post-order experience, lack of rewards, and cluttered communication. The new funds will be used for product development, hiring, and global expansion, according to the company.

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Ecommerce enabler startup Flash raised $5.8 Mmillion in seed led by Global Founders Capital (GFC)

Ecommerce enabler startup Flash raised $5.8 Mmillion in seed led by Global Founders Capital (GFC) where White Venture Capital, Zinal Growth, Soma Capital, Emphasis Ventures, Peer Capital and angel investors including Flipkart’s founder Binny Bansal, CRED’s Kunal Shah, Bain & Co’s Arpan Sheth, Udaan’s Sujeet Kumar, PAG Venture’s Nikhil Srivastava, Groww’s Lalit Keshre and GOAT’s Rishi Vasudev, among others have also participated.

The new startup, which will first launch in India, aims to cater to the top 25 million ‘power shoppers,’ who account for nearly 70% of the country’s online shopping revenue and are expected to increase to 65 million by 2030. Flash will introduce a unified digital identity that can be used across platforms to address potential challenges for these power shoppers such as post-order experience, lack of rewards, and cluttered communication. The new funds will be used for product development, hiring, and global expansion, according to the company.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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