Unbxd is the leading cloud-based product discovery platform for eCommerce. The platform has added ₹80 Crore ($12.5 Million) in their account by Eight Roads Ventures, there are other investors like, IDG Ventures, Inventus Capital Partners, and Nirvana Ventures, who showed interest and actively participated in the funding round. Moreover, Infosys co-founder, Kris Gopalakrishnan has also invested in the software company.
Bengaluru-based Unbxd startup contains artificial intelligence and advanced data sciences to connect shoppers to the products. The Unbxd AI-powered platform enhances the online shopping experiences and increases revenue by providing a better interface and updated products.
Pavan Sondur, co-founder & CEO of Unbxd mentioned that “Traditional rules-based eCommerce technology is hard for retailers to manage while also delivering a poor experience for their shoppers. With a better AI solution in place, retailers are more competitive because shoppers can more easily buy what they seek,”
Raj Dugar, Managing Partner, Eight Roads Ventures commented that “Unbxd has a great product/market fit, and now is the right time to accelerate its go-to-market strategy. eCommerce product discovery tools represent a multibillion-dollar opportunity globally and Unbxd is well-positioned to emerge as a leader in the space,”
The company’s revenue grew 400% in the past few years and now they are targeting to strengthen its Internet Retailer and to make customer base stronger by adding leading retailers including Ashley HomeStore, Express and FreshDirect.