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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.
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’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.]