NearU a Mumbai based O2O startup has raised an undisclosed amount of funding from Dr. Goutam Challagalla- Professor at IMD business school, Switzerland and International Marketing Guru.
Dr. Challagalla said,
“NearU app is an innovative marketing platform for the retailers and i see a lot of potential in its vision. It’s just not a financial investment but it’s an investment of interest and passion.”
NearU was founded in 2015 by Hemanth Meka Rao. It is a location based mobile app for discovery and deals. It follows an Online to Offline model with an App to Retail concept connecting users to outlet. It provides their users with live information on the best retail brands around them. It provides offers into 9 categories including accessories, apparel, electronics, food & beverage, health & beauty, home & living, entertainment, automobiles and hotels.
Hemanth Meka Rao, founder and CEO, NearU Mobile Pvt. Ltd said
“The NearU team is excited to have Goutam Challagalla as one of its investors as his expertise in marketing will help it pave the way for its future marketing plans and expansion in international regions.”
Dr Challagalla has advised several Fortune 500 companies including IBM, 3M, HSBC, GE, Ernst & Young, UPS, Swatch Group and many more.