Kstart Invests in Perpule, A Fintech Platform for Self-Checkout and Omni-Channel Engagement
Kstart, a Kalaari Capital initiative, is a unique seed fund designed to empower next generation startups and accelerate disruptive ideas to become market-leading companies.
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Kstart Capital, a Kalaari Capital initiative, has invested in Perpule. Kstart led the $650,000 round that also saw participation from Venture Highway and Raghunandan G, co- founder of TaxiForSure.
Perpule aims to provide an enjoyable queue-less experience for people wherever they go. They have started with solving the problem of queues at retail stores like HyperCITY, etc. and are doing it in 3 cities Bangalore, Mumbai & Noida. Their vision is to enhance the shopping experience of customers in-store, by making it more engaging and personal. The smartphone-based software solution can be scaled across various retail outlets and provides retailers deep insights about their customers allowing them to create personalized real-time campaigns. Perpule is founded by Abhinav Pathak, Saketh BSV, and Yogesh Ghaturle.
“Our vision is to ensure waiting in queues is a thing of the past. With improved systems, we are saving customer's time, ensuring no one ever stands in queues and thus improving the overall experience. We have started by enabling self-checkouts via our mobile app at various retail stores such as HyperCITY and are grateful to them for their support and really appreciate their commitment to customer experience. We are honored to be supported by Kstart and really happy to see them appreciate and share our vision." said Abhinav Pathak, CEO Perpule.
The founders firmly believe in this motto, which is what inspired them to start Perpule. Abhinav Pathak, a graduate from National Institute of Technology Karnataka worked at Goldman Sachs before embarking on his entrepreneurial journey. Saketh BSV, a graduate from IIT Madras had also worked at Goldman Sachs, which is where the two of them got acquainted. Yogesh Ghaturle is a final year graduate student at National Institute of Technology Karnataka.
“We are excited to support young entrepreneurs building innovative solutions like Perpule at Kstart. I am glad that we have been able to attract such visionary founders. Kstart remains committed to supporting disruptive ideas.” says Vani Kola, MD, Kalaari Capital.
“The problem of queues has been present for a long time now and shoppers will welcome a solution that is scalable across sectors and segments.
Perpule’s team seems to be on the right path and I can foresee their model adding value to its clients right from the start. There is enormous potential for their solution as more and more retailers are converting to the organized segment. The data generated by the system provides a great opportunity for analytics by deriving metrics which were unimaginable till now”, says Samir Sood, Founder, Venture Highway, which is advised by Neeraj Arora, the Global Business Head of WhatsApp.
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