Hyper-local seems to be a buzz word in the Start-up ecosystem in India. So we decided to explore the performance of a key player in the space – Zopper. Zopper is a hyper-local mobile marketplace and helps users buy products from physical retail stores located near them. Tofler is the first to report the financial performance of Zopper in FY 2014-15.
Launched in 2010, Zopper is owned by Solvy Tech Solutions Private Limited. It was co-founded by Neeraj Jain and Surjendu Kuila.
Financial Performance of Zopper
The company reported revenue of INR 3.65 Crores in FY 2014-15 compared to INR 21 lacs in the previous financial year. It reported a loss of INR 12.6 crores in FY 2014-15 compared to a loss of INR 3 crores in FY 2013-14.
The company’s revenue grew 17 times in FY 2014-15. They recently raised $20 Mn from Tiger Global and Nirvana Ventures in June 2015. The company envisions to expand to 30 cities across India and we wish them all the best for the same.
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Author– Vishal, a recent addition to Team Tofler, combines his passion of writing with searching for a worthy story in a Company, to make an interesting read.
Editor – Anchal, founder at Tofler, is a CA, CS and has more than 5 years experience in company analysis. She likes to explore and track companies, their performance and senior management.