New Delhi [India], Aug 27 : Delhi based start-up and India's leading e-commerce company to provide best coupons and deals for online shoppers Couponhaat is gearing up to raise around USD two million in series A funding.
The startup announced the fund raising plans in sync with its expansion plans to increase the team size.
Within just one year of its operation, Couponhaat has emerged as the fresh face of the online coupons and deals industry.
It offers more than 300,000 coupons to redeem and 7000 live coupons, thousands of product pages and countless deals listed on the site.
Over last quarter Couponhaat has raised its graph tremendously and attracted over two million hits on the website.
The traffic is steadily increasing each month, since the time of its very inception in the month of April 2015.
It has drawn great consumer attention and successfully managed to cater to the growing demand for discounted coupons and deals among online buyers across India.
Since the commencement of services, Couponhaat's main focus has been to offer benefits to online buyers by way of providing discounted deals, coupons, freebies, and giveaways.
At the same time, Couponhaat regularly updates promo codes, coupons and deals of various brands, which help both buyers and the brands.
"We want to raise capital which would help us in turning our plan into reality. So far, we have had a fantastic journey and, now the time has come when we must expand our business into different locations," said Founder and CEO, Couponhaat, Vipin Kumar Yadav.
"We are planning to expand within the country as well as abroad. We are eyeing to raise around USD two million and already in talks with potential investors from Europe and Middle East," added Yadav.
"Couponhaat.in has been exceptionally setting new trends while serving our widely expanded client-base effectively since our inception.
With this capital raise, we are looking to invest more in technology, human resources, marketing and brand building with an aim to grow company's footprints across different markets," added Vipin.