Daily Archives: July 24, 2013

DIY ecomm platform for SMEs, Kartrocket raises seed fund

The DIY ecommerce platform from the house of BigFoot Retail Solutions, KartRocket, has raised seed fund from Gaurav Kachru’s 5ideas Startup Superfuel, 500Startups and angel Jatin Aneja, reports iamwire.

Funds will be used to scale up the sales, service and technology of the platform dedicated to SMEs and retailers. The companies can utilise this platform to set up their  own online sales platform through wide range of storefront designs, integrate payments including a COD option. They can also try a shipping platform ShipRocket integrated with Indian and international logistics providers with a single shipping dashboard. It can also help sellers in shipping and managing orders across online marketplaces and offers mobile ready solution. There are over 100 apps on the platform.


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Arisaig Partners invests $30 million in McDonald’s franchisee Westlife

Aimed at investing in the listed consumer service business in emerging market, Arisaig Partners this time finds potential in India’s McDonald’s franchisee Westlife. The investment management company has invested $30 million and picked up 3.5 per cent stake in the company that handles South West franchisee of McDonalds in India.

The BSE listed Westlife has been valued a bit over Rs 5000 and the fund will be allotted 5.4 million shares at Rs 333.05 a piece, Westlife said in a statement. These funds will be utilised for company’s medium term strategies to add another 100 stores in the next two years.