# Basket Savings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basket-savings

- Industry: Software
- Headquarters: Arlington, US
- Website: www.basketsavings.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Aug 8, 2017)
- Investors on record: 4

## About

Basket Savings, Inc. offers a grocery shopping app that enhances the shopping experience by allowing users to create shopping lists and track prices from local and online retailers, maximizing savings and efficiency.Founded in 2014 in Arlington, US, Basket Savings, Inc. specializes in smart grocery shopping solutions. The company has executed 2 deals as of August 8, 2017, and has raised a total of USD 3.3 mn in SEED funding from investors including Eniac Ventures, Middleland Capital, Passport Capital, and The Entrepreneurs' Fund. The founders include Ebenezer David, Mario Gutiérrez, and Neil Kataria, with Sank D serving as the CEO.Basket Savings provides a smart grocery shopping app that simplifies the shopping experience by enabling users to create shopping lists and track real-time prices from various retailers. The app utilizes crowd-sourced data to deliver updated pricing and inventory information, helping users make informed decisions and maximize their savings. Key features include price comparison across stores, access to sales and coupons, and alerts for significant price variations, catering especially to urban consumers where grocery pricing can fluctuate significantly.Basket Savings generates revenue through user engagement and partnerships with grocery retailers. The app allows users to add items to their shopping lists while accessing real-time pricing information, fostering partnerships with retailers for promotional placements. Additionally, potential subscription services may enhance user experience, though specific pricing for these services is not disclosed. The integration with both local and online grocery stores aims to enhance user engagement and retention, driving revenue growth.The recent funding round in August 2014, where Basket Savings raised USD 3.3 mn, is aimed at supporting new product development and expanding market reach. The company is focusing on enhancing its app functionalities and aims to launch new features in the upcoming year. Plans for geographic expansion are also under consideration, particularly targeting urban markets with varying grocery prices to further attract cost-conscious consumers. This strategic growth will leverage the recent funding to solidify partnerships and enhance app capabilities.

## Funding rounds

- Seed, Aug 8, 2017, $3.3M — Eniac Ventures, The Entrepreneurs' Fund, Passport Capital, Middleland Capital

## Investors

- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed
- The Entrepreneurs' Fund (https://capitalatlas.ai/funds/the-entrepreneurs-fund) — Seed
- Passport Capital — Seed
- Middleland Capital — Seed