Coutloot, an offline to online (O2O) social commerce platform, has raised $8 million in a pre-series round led by venture capital firm Ameba Capital. SOSV, 9Unicorns, Astarc Ventures also participated in the round, including existing investor Venture Catalysts.
Coutloot plans to use the funds for launching more services for retailers, scaling its B2B supply chain, and stepping up hiring activities across verticals, said the company in a press release.
Founded by Jasmeet Thind and Mahima Kaul, Coutloot allows buyers and sellers to bargain while shopping.
