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Freecharge Charges Crownit With Undisclosed Amount Of Funding

Looks like Crownit’s got a few new crowns of its own!

After recent investment in health startup Pianta, Freecharge founders Kunal Shah and Sandeep Tandon have once again made a move of charging Cashback app Crownit with an undisclosed amount of funding.

Other participators in this round include Freshdesk Co-founder Girish Mathrubootham and ex-Snapdeal CPO Anand Chandrasekaran.

The Quick Success of Crownit

Gurgaon-based cashback app Crownit was founded in March 2014 by Sameer Grover and Ashish Munjal. Given the title ‘Best Cashback App’, Crownit is basically a marketing app that offers multiple cashback deals. Whether it’s feasting, exercising, pampering, vacationing, having a fun time at the movies or going on an adventure, among many more leisure activities, Crownit offers to earn cash back by simply clicking and sending a picture of your bill.

As per Freecharge founder, Kunal Shah, Crownit has built a sustainable marketing program for offline merchants. The extensive consumer engagement of Crownit also proves that the product has been accepted and truly works!

About the Investment

In the words of FreshDesk founder, Girish Mathrubootham, “Crownit has razor sharp focus on customer satisfaction. A company at such early stage with so much passion for customer delight is something which awed me. And clearly, the business model is disruptive and solving a big problem which local merchants face in India.”

The app currently lists 15,000 restaurants, hotels, gyms, and spas.  Will this round of funding up their reach? Please share your thoughts in the comments section below.

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Startup-Buzz Team

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Startup-buzz Team is a collaborative group of entrepreneurs, researchers, writers and experienced professionals. Tied up together to bring the latest Startup Buzz going around the globe.

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