# Fynd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fynd

- Industry: Internet
- Headquarters: Mumbai, India
- Website: www.fynd.com/
- Total disclosed funding: $4.3M
- Latest round: Series B (Feb 7, 2017)
- Investors on record: 11

## About

Fynd, based in India, is an innovative technology firm focused on enhancing retail operations and optimizing customer experiences through its omnichannel commerce platform and data-driven solutions.Founded in 2012, Fynd operates under the parent company Shopsense Retail Technologies Private Limited, providing a technological framework for seamless online and offline retail integration. The founders include Devansh Garodia, Evani Routray, Farooq Adam, Harsh Shah, Sreeraman Girija, Suryansh T, and Tanvi Malhotra, who aimed to revolutionize retail in India from their headquarters in Mumbai. The firm has successfully raised a total of INR 200 million over multiple funding rounds, with its most recent funding of INR 500 million coming from Reliance Investing on September 24, 2019. As of now, the company's valuation stands at INR 4,959.001 million.Fynd offers a comprehensive suite of technology solutions aimed at enhancing retail operations and customer experiences. Its core product offerings include a robust omnichannel commerce platform that integrates both online and in-store shopping experiences, allowing businesses to optimize sales and visibility. Fynd's services leverage data-driven marketing, smart logistics, and artificial intelligence, enabling brands to streamline operations, automate mundane tasks, and enhance customer engagement. The platform supports over 300 brands across diverse sectors, providing tools for product management, inventory unification, and AI-driven design capabilities. Fynd’s solutions are actively utilized in global markets, including India, Southeast Asia, and parts of the Middle East, catering to both small and medium-sized businesses as well as larger enterprises.In the most recent year of 2023, Fynd generated a revenue of INR 45,308,467.70 with an EBITDA of INR 992,815.90. The company generates revenue through a variety of transactional models that include subscription-based services, partnerships, and B2B engagements with retailers and wholesalers. The company's offerings, such as its flagship Store OS and AI-powered design services, facilitate seamless commerce transactions between businesses and their customers. Retailers leverage Fynd's platform to enhance their omnichannel sales strategies, thus driving increased revenue through unified inventory management and enhanced customer experiences. The revenue structure comprises fees for platform access, transaction processing, and various add-on services tailored to meet the specific needs of its clients.Fynd aims to expand its product portfolio with upcoming launches focusing on advanced analytics tools and enhanced AI functionalities, expected to roll out by mid-2024. Additionally, the company plans to penetrate new markets in Southeast Asia and the Middle East, targeting the launch by the end of 2024. The recent funding of INR 500 million will be directed towards product development and market expansion efforts, enhancing Fynd's capacity to capture a larger share of the global retail technology market.

## Funding rounds

- Series B, Feb 7, 2017, $3M — Singularity AMC, Kae Capital, GrowX Ventures, Tracxn Labs, FJ Labs, 360 ONE, Artha Venture Partners, Axis Capital Partners, Rocketship.vc, Kalysta Capital
- Seed, Jun 1, 2016, $0.7M — Kae Capital, Grace Techno Ventures
- Series A, Jun 30, 2014, $0.4M — Kae Capital, Kalysta Capital
- Seed, Jul 1, 2013, $0.3M — Kae Capital, Kalysta Capital

## Investors

- Kae Capital (https://capitalatlas.ai/funds/kae-capital) — Seed, Series A, Series B
- Kalysta Capital (https://capitalatlas.ai/funds/kalysta-capital) — Seed, Series A, Series B
- Grace Techno Ventures (https://capitalatlas.ai/funds/grace-techno-ventures) — Seed
- Singularity AMC (https://capitalatlas.ai/funds/singularity-amc) — Series B
- GrowX Ventures (https://capitalatlas.ai/funds/growx-ventures) — Series B
- Tracxn Labs — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series B
- Artha Venture Partners (https://capitalatlas.ai/funds/artha-venture-partners) — Series B
- Axis Capital Partners (https://capitalatlas.ai/funds/axis-capital-partners) — Series B
- Rocketship.vc (https://capitalatlas.ai/funds/rocketship-vc) — Series B