Mumbai based offline store aggregator Jhakaas Technologies has raised a capital of ₹1 crore for its Mobile Application called ‘Jhakaas’ in its first quarter of business. According to company, the Mumbai-based management consultancy firm Stelcore Management Services; Malini Patel, country manager, Bloomberg Data Services; CP Sanadhya, director at Housing Finance Company India Shelter Finance; and Anjani Prasad, managing director at Colour and Specialty Chemicals company Archroma India are the investors.
Mobile app provides for the day-to-day needs of the consumer entailing services such as grocery shopping, restaurant hunting, on call cakes and sweet delivery, vegetable shopping, wine shops, ordering medicines. The app includes more than 35 categories currently with over 30,000 merchants in the three metros, and expects to grow its network to more than 2 lakhs merchants in the next six months.
It’s currently available in Mumbai, New Delhi and Bangalore and soon will be launched in other cities by end of next quarter, said company. Within 24-hours of the launch of the Jhakaas app, the company generated more than 5000 downloads, claims company.
The application is available on both Android and iOS versions. Presently, the app is operational in two languages – English and Hindi – and will integrate few regional languages in the coming months too.
“The company will use the funds primarily to develop integrated IT solutions and enhance merchant awareness. Our aim is to focus on every kilometre that shall provide 300 shops so that both the parties receive 100% satisfaction for their daily requirements,” said Bharat Mandot, Co-Founder, Jhakaas Technologies.