P2P marketplace startup Listup raises $500K in Seed Funding
The hunt for Bhangarwalla comes to an end!
Listup, a Mumbai-based startup has recently raised $500K (INR 3.3 Cr) in its seed funding round, which was led by Kae Capital, an early-stage venture capital firm. With this round of funding, Sasha Mirchandani (CEO, Kae Capital) will soon be joining the board. Since its inception, Listup is revolutionizing the way how people buy & sell secondhand goods. By bringing a mobile approach to traditional classifieds, this P2P marketplace has also fetched Freecharge’s support. Hence, Kunal Shah and SandeepTandon of Freecharge group have participated in this investment round.
Founded in January 2016, Listup is an innovative platform to buy and sell second-hand goods around you. Through this startup, you can list your unused items instantly. You can also bargain with sellers over a chat and get amazing deals! So, if have any unused products at home and want to earn money, just ListUp!
Location-based discovery of products and social approach to classifieds differentiates Listup from other players in the market. Unlike existing classifieds platforms, where there is no real seller identity, all ListUp users are socially verified. This leverages social connections to solve the problem of trust in the transaction. With an easy-to-use product, ListUp allows users to reach out to all prospective buyers nearby quickly. Thus, enabling quicker and safer transactions.
The app was officially launched on February 2016. Currently, this platform is free for both buyers and sellers. But, they will soon adopt a revenue model. Despite having OLX and Quickr as its competitors, Listup seems to be working hard for carving its success story. However, there’s a long way to go for Listup!
- Listup, a Mumbai-based startup has raised $500K (INR 3.3 Cr) in its seed round of funding.
- This funding is led by Kae Capital along with the participation of Kunal Shah and SandeepTandon (Freecharge Group).
- Sasha Mirchandani, CEO of Kae Capital will soon be joining the board with this round of funding.