SmartDukaan raises USD 10 million in funding round

Smartphone retail tech platform SmartDukaan has secured USD 10 million in a funding round led by Findoc Finvest.

Other participants in the pre-series A funding round were Leafberry Ads and angel investors.

The company aims to utilise the investment for franchise partnerships, enhancing the technology infrastructure and expanding their product portfolio along with talent acquisition, according to a company statement.

''This funding will serve as a catalyst for us to enhance and expand our network across the country. Our mission remains to be the largest mobile retail network of India, digitizing and empowering retailers and also inviting aspiring entrepreneurs to be part of a profitable mobile retail business,'' CEO and founder of SmartDukaan Tarun Verma said.

The tech-based retail chain startup has 350 stores across 100 cities in North India.