Online shopping platform Flash raises $5.8 mn in a Seed round led by global funds such as Global Founders Capital (GFC), White Venture Capital (a fund by Jitendra Gupta & Amrish Rau), Zinal Growth, Soma Capital, Emphasis Ventures, Peer Capital, and a host of India’s top angel investors including Binny Bansal - Ex-Co-founder, Flipkart, Kunal Shah - Founder, CRED, Arpan Sheth - Senior Partner, Bain & co, Sujeet Kumar - Co-Founder, Udaan, Nikhil Srivastava - PAG Venture, Lalit Keshre - CEO, Groww, Rishi Vasudev - Co-Founder, GOAT Brand Labs and others.
Founded by former Flipkart Senior Vice President, Ranjith Boyanapalli, Flash aims to elevate the shopping experience of online power shoppers across the world.
Commenting on the investment, Roel Janssen, Partner, Global Founders Capital said, "Power shoppers are an important consumer segment and their challenges are bound to magnify. We are impressed with the Flash team and product, and are confident that they will make a significant impact over the coming years."
Flash will be looking to direct the corpus toward product development, hiring, and global expansion.