Private Equity

VC Fund Investments

Social commerce platform Coutloot raises $8-M from Ameba Capital, SOSV, 9Unicorns, others

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Coutloot, a Mumbao-headquartered offline to online (O2O) social commerce platform, has raised USD 8 million led by Ameba Capital. SOSV, 9Unicorns, Astarc Ventures and existing investor Venture Catalysts also participated in the round. Coutloot plans to use the funds for launching more services for retailers, scaling its B2B supply chain, and stepping up hiring activities across verticals, said the company in a press release. Founded by Jasmeet Thind and Mahima Kaul, Coutloot allows buyers and sellers to bargain while shopping. It helps sellers list non-MRP (non-fixed-price), unbranded local market products across fashion, electronics, home decor, sports and other boxed categories. The firm claims to provide business opportunities to over 500,000 offline retailers, mom-and-pop stores, home sellers, and street hawkers with over 20 million listings on its app.