Mumbai-based Dukaan that offers businesses the ability to create digital storefronts, on Friday, 16 October 2020 has raised $6 million seed funding from Lightspeed India and Matrix Partners India, with participation from Sprout Investments, Weekend Fund, Appyhigh and Venture Catalysts, also joined by angel investors including Haresh Chawla, former CEO at Network18; and Kunal Shah, the founder of FreeCharge and Cred.
Launched by Suumit Shah, Subhash Choudhary and Kaustub Pandey, earlier this year, the three founders have also founded Rankz.io, an online tool that helps marketers increase their organic reach and traffic.
Kunal Shah has notably invested in Khatabook which is currently having a tussle with Dukaan. Dukaan, owned by Growthpond Technology Pvt. Ltd., in August filed a legal notice against Bengaluru-based Khatabook for plagiarism, that includes copying the logo and interface.
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The Karnataka High Court on 25 September, for infringing Khatabook’s copyright, has restricted Dukaan’s co-founder Suumit Shah from operating Dukaan’s app and all other properties.
On 4 October 2020, Google removed the Dukaan app from Android Play Store as a consequence of its legal battle with Khatabook.
LAFFAZ Media has contacted Dukaan to comment on the present status and upcoming actions from the company. Upon revert on the same, this news article will be updated.
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