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#IndianStartupData : Zopper Revenue Grows 17X in FY 14-15 (Against Loss Of Rs 12.6 Crore)

[Editor Notes : Nothing is as powerful as data and these articles are part of our coverage of #IndianStartupData – i.e. an overview of financial performance of selected Indian startups with a hope that it gives you a good picture of the companies and the ecosystem in general.
Our Mission : A PR-less startup ecosystem which thrives on great products and services!]

Zopper is a hyper-local mobile marketplace that helps users buy products from physical retail stores located near them.

Launched in 2010, Zopper is owned by Solvy Tech Solutions Private Limited. It was co-founded by Neeraj Jain and Surjendu Kuila. The company has previously raised $20m in series B from Tiger global & Nirvana.

Zopper-Financial-Performance

The company reported revenue of INR 3.65 Crores in FY 2014-15 compared to INR 21 lacs in the previous financial year. It reported a loss of INR 12.6 crores in FY 2014-15 compared to a loss of INR 3 crores in FY 2013-14.

Zopper-grew-17-times-in-FY-2014-15

Zopper’s revenue grew 17 times in FY 2014-15 and losses have gone up by 4X. The company envisions to expand to 30 cities across India.

Earlier this year in January, TheMobileStore signed up as a merchant partner with Zopper to sell products to customers through both online and offline channels.

[About the author: Vishal and Anchal form the team that runs the Tofler blog. They like to explore and track companies, their performance and senior management. Tofler (tofler.in) is a Business Research Platform.]

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