MobiKwik plans to spend ₹80 crore on marketing and promotions in 6 months
MobiKwik will spend ₹80 crore six months to drive transaction volumes on its platform and get more consumers onboard.
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MobiKwik will spend ₹80 crore six months to drive transaction volumes on its platform and get more consumers onboard.
The Bangalore-based startup will deploy the funding primarily towards growing the business.
Anand Rai of Pigeon Express has accused Snapdeal of stealing confidential business information such as data on employees and service vendors.
This will help company to expand its operations to three more cities, as well as to fill in senior level positions.
The funding will be use to expand its operations as well as to make technological upgrades on its platform.
The startup will use funds towards introducing bitcoin as a payment option, and building initiatives around it.
The proceedings of this round will be used by the company to widen operations, improve customer care, expand inventory and hire fresh talent.
Flipkart says that products under MarQ brand will be priced 15-20% lower and will offer after-sales services such as installation and repair.
With fresh capital coming in, the company is gearing to expand its presence across India, and plans to enter 25 tier-II cities by 2018.
The capital will be used to hire for senior management roles as well as to expand its operations internationally.