Company Name : Just Buy Live
Funding Amount : $20 million
Investor(s) Alpha Capital Advisors
Funding Round : Series A
E-distributor, Just Buy Live has announced its official launch today after closing its Series A funding of $20 million from Alpha Capital Advisors, a Mumbai based niche private equity investment management firm.
Created with a vision to empower Indian retailers, Just Buy provides democratic access to every brand, higher margins and organized credit all through a simple mobile application.
Just Buy supplies goods directly from brand to retailer wherein every product available is listed and priced by the brand.
So far, Just Buy is the distributor for over 1000+ brands, 3,00,000 products with 3000+ crores in inventory, claims the company.
The company aims to have 10,000 brands and 1 million products on offer, reaching out to 1 million retailers by the end of 2016.
The company was founded in February 2015 by Sahil Sani and Bharat Balachandran. Just Buy currently operates across 15 cities in ten states and aims to expand to 500 cities and towns by the end of 2016.