Company Name : Snapshopr
Funding Amount : Undisclosed
Investor(s) Amod Malviya . .
Funding Round : Angel round
Snapshopr, a visual intelligence platform powered by Artificial Intelligence has raised an undisclosed amount in angel funding. The funding was led by Amod Malviya, former CTO, Flipkart and saw participation from other angel investors including Pallav Nadhani, Apurva Dalal, Saran Chatterjee, Rahul Chari, Bikas Barai and Bragadish Sureshkumar.
With this funding, they will double down on product innovation and continue to build out their visual intelligence platform for online retailers. Earlier, the firm had announced its first investment from Amod Malviya as part of its ongoing round in September last year.
Snapshopr helps its customers improve the search and discovery experience using its visual search and recognition products as part of its cloud-based visual intelligence platform. Instead of using text to describe visually rich categories of items like fashion and home decor, the end users of its visual search solution can simply use images taken from their camera or uploaded from their devices for search based on visual content of the image.
The firm plans to hire a few more engineers and strengthen its technology platform with new capabilities and expand their customer base globally through this round of funding.
“We have been working with some of the largest internet companies in India and have built out the next generation visual intelligence platform for online retailers. We have seen very promising growth in last year, becoming the platform of choice for companies that want to delight their users with visual search and recommendation capabilities. With this funding, we will double down on product innovation and team necessary to deliver an unmatched experience to our customers,” said Navneet Sharma, Co-Founder & CEO of Snapshopr.