Unbxd Inc. a Bangalore based e-commerce product discovery and recommendation platform has raised an undisclosed amount of Series B round funding. The funding was led by Nirvana Venture Advisors along with existing investors which includes Inventus Capital, Indian Angel Network and IDG Ventures. Earlier in 2013 it raised its Series A round funding of $2 million.
Unbxd was founded by Pavan Sondur and Prashant Kumar in 2011. The funds will be utilised in improving products, team expansion, sales expansion and accelerate sales growth. Currently they have a team of 55 people and in the next 3 months they are planning to increase their team with upto 100 people.
The startup helps the companies solve search & other queries in 40 countries with 150 e-commerce platform. It claims to be serving 200 million visitors per day. By the end of the year it is expected to grow by 10x. Unbxd helps the companies by providing services such as Navigation, search, merchandizing, product recommendations and analytic solutions.
Rajan Mehra, Managing Director at Nirvana Venture Advisors said,
“We are excited to partner with the Unbxd team in their endeavor to bring world class search experiences to retailers who have an online presence. We have been very impressed by the capabilities of the team and are looking forward to the company further expanding their global footprint.”
Prashant Kumar Co-founder of Unbxd said
“Our relevancy engine and machine learning models have consistently delivered value to some of the biggest eCommerce sites in the world. Had Unbxd been a standalone e-commerce site, we would be the biggest e-commerce company in India in terms of volume of traffic and GMV served.”