Indian Startup Dukaan raises $11 million to enable merchants set-up online stores

indian startup dukaan raises 11 million to enable merchants set up online stores

Dukaan provides an easy way of taking businesses online without needing to get into complex technical stuff.

Dukaan, an Indian startup that enables merchants to setup online stores, has raised fresh funding of $11 million as it aims to broaden its offering in the South Asia market too. The funding round was led by 640 Oxford Ventures. Venture Catalyst, HOF Capital, Old Well Ventures, Lets Venture, 9Unicorns, and existing investors like Lightspeed Partners and Leopard Ventures, also participated in the funding. Apart from this, Ritesh Agarwal, Founder of Oyo, and Carl Pei, Founder of Nothing, have also invested in this funding round. The startup has raised over $17 million to date and is now valued at $71 million.

Dukaan provides an easy way of taking businesses online without needing to get into complex technical stuff. It allows you to register yourself with store name, email id, and phone number,and you get your online store created. It can be helpful for kiranas (Retail stores), grocery shops, restaurants, and any other service for that matter.

For retail stores, Dukaan allows you to manually manage the inventory while also giving an option to automatically log through scanning of items in the inventory. The billing software enables the merchants to accept digital payments as well. All this is offered for Rs 6999 per year for the software and CRM services. Apart from this, there are also some premium plans like Dukaan Infinity which helps businesses marketing and advertisingon Facebook and Google and helps them rank better on Google search — and Dukaan Enterprise for big businesses.