Jumpstart bags seed funding with VCats, funds to boost offline based businesses
Jumpstart accelerates purchase decisions, brand visibility and customer experience
There are several local and SME businesses prevailing in the market but struggle to keep themselves afloat. However, Jumpstart is a startup that provides these local as well as small businesses the required push online and hence helps them get noticed. Moreover, the startup provides help for the local businesses and SMEs to adopt digital platforms. Through the startup's SaaS based customer communication platform, it helps the businesses drive more revenues.
Started by Raghav Soni and Qamar Siddiquie in the year 2017, the startup accelerates purchase decisions, brand visibility and customer experience for the local and small businesses. Additionally, Jumpstart with their Online Reviews, Social commerce and AI-powered customer interaction enhances the level of customer engagement for the firms.
Recently, Jumpstart landed with an undisclosed amount by India's largest and pioneering integrated incubator and accelerator platform, Venture Catalysts. The seed funding also had Rajesh Patel, Mrunal Jhaveri, Bhavesh Chaudhary, Bobby Reddy in presence.
With regard to an Accel report, India will be home to 50 billion dollar Global SaaS opportunity by 2025 and hence platforms like Jumpstart have a significant role to play as an enabler.
Commenting on the development of the seed round, Raghav Soni, Founder, Jumpstart, said, "Jumpstart started with a mission to boost offline based businesses small and big. Local brands have seen growth of up to 40% in new customer footfalls by adopting Jumpstart proprietary Review boost and Social commerce features and becoming most trusted businesses in their locations.”
He further added, " We aim to boost 1 million businesses by 2022. This funding round will help us double down on our industry first innovation driving millions of businesses to adopt digital transformation going around them.”
The lead investor in the seed funding round, Dr. Apoorv Ranjan Sharma, Co-founder and President, Venture Catalysts remarked, "Jumpstart, in its role as the facilitator of local enterprises develop a strong online presence to reach out to more consumers effectively, fits this role perfectly. It is led by two well-experienced founders and a skilled core team that knows the needs of different fast growing consumer and B2B start-ups well. The technological and product level maturity of Jumpstart, and its deep market research also prompted us to invest in this company at a seed stage.”
Currently, Jumpstart has acquired 4000+ businesses across 50+ branches such as Tour and Travels, Retail, Automative, Spa, Salon, Healthcare, Gym and Fitness as well as Restuarants with an online review up +450%