Dukaan Raises $6 Million In Seed Funding Co-Led By Matrix And Lightspeed India

BENGALURU : Dukaan, a startup that helps local stores to sell their products online, on Tuesday said that it has raised $6 million as a part of its seed funding round co-led by Matrix Partners India and Lightspeed India Partners. “Our mission is to enable each and every small retailer to launch, compete and grow their business online, without ever worrying about technology. Our customers love us and we are excited to continue to pursue our mission, with support from Lightspeed, Matrix and our angels,” said Suumit Shah, chief executive officer and co-founder of Dukaan said. With covid-19 accelerating the shift to digital, Dukaan has already onboarded over 2.7 million merchants onto its platform across India, since its launch. “What got us most excited about Dukaan was the team and their missionary zeal in enabling small retailers to go online. We are proud to support the Dukaan team from day one, as they create this platform and leverage the digital tailwind that almost every industry and sector is seeing today,” said Akshay Bhushan, partner, Lightspeed India. “Dukaan aims to digitize millions of Indian merchants and empower them to take their business online. Small businesses are turning to technology faster than ever to survive the pandemic, and Dukaan® makes it easier than ever to start, run and grow a business online. We’re excited to partner with Suumit and the team on this journey towards a Digital India,” said Tarun Davda, managing director, Matrix India.