Startup News: BazaarCart to raise 2 Million USD

BazaarCart startup business is an online convenient store that offers an easy platform for the users to order daily needs product while sitting in the comfort of their homes. The startup company currently operates from Delhi, Ghaziabad, Noida and Greater Noida while it has planned to start its operations from Gurgaon.

To accomplish the same goal, the company is in talks with potential investors who may allow them to raise a capital of $2 million at a valuation of approx. $10 Million. The company has stated that the funds will be used to upgrade technology, diversify the Products portfolio and to expand the services to more cities.

Founded in Oct 2014 by Shrenuj Jalan, 21 Year old CA & CS Student, BazaarCart is one of the biggest Online Daily Needs Store which features daily need items and other products such as Staples, International Gourmet, Stationery and the popular Ramdev Patanjali Products & – with over 9000+ products. The online grocery store has recently listed Jewelry, Mobile Covers, Premium ties & Various Other products for the users.

BazaarCart has achieved the milestone of having 50,000 customers while the company also stated in a statement that it has helped customers in saving over Rs 10 crores since the time of its inception. When asked about the competition faced by the company from its counterparts, company CEO Shrenuj Jalan said, “The kind of on which a few other players in this field are working does not create much value for the customers. For example, they Sell atta(flour) on MRP and then give 15-20 % discount while we are already selling flour at 15-18% discount and give extra 10% discount on Large Shopping + 2% flat Cashback on every sale, so if a customer is shopping from BazaarCart then they can easily save Rs.1500-2000 per month.”

The company claims to deliver 97% of its orders within 24 hours at the ​best-discounted price while providing an option to the users of choosing among 9000+ products that can be delivered right to their doorstep.

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