Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Technology For SMEs Finance

Kloseby Secures $100,000 Funding from Undisclosed Investors

Kloseby a pioneering, disruptive technology startup specializing in proximity, and aimed at enhancing user experience in offline world raised $100,000 seed funding from an undisclosed investor.

author-image
SMEStreet Desk
26 Nov 2016 08:21 IST

Follow Us

New Update

Kloseby a pioneering, disruptive technology startup specializing in proximity, and aimed at enhancing user experience in offline world raised  $100,000 seed funding from an undisclosed investor.

The founders have planned to invest this money in building up the technology, hardware (beacons) and  expanding the tech team, as tech is the backbone of most of the mobile application based companies. The technology infrastructure of Kloseby brings all users, retailers, banks, wallets, and businesses on a single platform, quite similar to the existing online ecosystem.

Commenting on the occasion, Mr Gaurav Garg, Co-Founder, Kloseby said “When we started, we knew the biggest challenge for us would be to convince others to believe in our vision, as what we are doing is quite unconventional. But, we are overwhelmed with the response which we are getting from our users and our clients. This investment will definitely help us in moving forward with our plans.”

With e-commerce taking centre stage in India, Kloseby aims to bring back the focus on the offline market through the use of new age technology and innovation. The company was co-founded in 2016 by Gaurav Garg, an IIM Kozhikode alumnus, who handles the business affairs and Rahul Sindhu, who is the technical maverick of the team. A chunk of the funding is decided to be invested in user acquisition for mobile app (on B2C side) and merchant / client acquisition (on B2B side). Playing in a trillion dollar market, Kloseby is aiming to become a multi-billion dollar company.

Kloseby enjoys the first mover advantage, as its platform covers both B2C and B2B aspects of the business. In the B2C segment, Kloseby helps improve in-store user experience, helps users save and earn money, provides the single largest discovery platform for in-store deals/offers/discounts etc., and enables indoor navigation (the logical extension of Google Maps). In the B2B segment, Kloseby helps retailers, banks and companies to improve customer engagement and leverage proximity infrastructure for increased visibility and marketability of products and services.

Funding Investors Kloseby
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!