Makers of shopping discovery platform Wicfy have raised follow on funding from a clutch of investors including existing investor Ecosystem Ventures, Everest management Fund in Switzerland and angel investors from India & Singapore.
Simplibuy Technologies, the Pune based startup behind Wicfy, helps consumers discover interesting products and prices from the offline world. Alex Fries, President of Ecosystem Ventures said: “It only makes sense to co-invest with investors around the world…we are very bullish about India but without the local guidance of investors, it makes it a difficult investment.”
Fries visits India to setup a deal pipeline for Ecosystem Ventures and will join the startup’s board. The company launched its Android app in February this year after raising a round of funding from Ecosystem Ventures in December 2012.
Wicfy bridges the gap between the online and offline world with crowd sourced information.