ListUp, an App to Buy and Sell Used Goods, Raises INR

first_img(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same). ListUp, an App to Buy and Sell Used Goods, Raises INR 3 Crores From Kae Capital and Freecharge FoundersMUMBAI, June 8, 2016/PRNewswire/ — Mumbai-based ListUp: Local Buying & Selling App [ id ] that lets you discover and sell interesting items around you, has raised $500,000 in its seed round of funding led by Kae Capital with participation from Kunal Shah (Freecharge, Chairman) and Sandeep Tandon (Tandon Group). Sasha Mirchandani (Founder, Kae Capital) will be joining the board with this round of funding.Founded by Sumit Gupta, Pulkit Gupta and Saurabh Jain, ListUp was launched in January 2016 with a vision to disrupt age-old classifieds in India. ListUp is focused on P2P exchange of second-hand goods, which aims to bridge buyers and sellers using technology in a way that was never done before.What differentiates ListUp from other players in this space is its location-based discovery of products and social approach to classifieds. Unlike existing classified platforms where there is no real seller identity, all ListUp users are socially verified that leverages social connections to solve the problem of trust in the transaction. With 100% MoM verified user growth and with an average active user spending around 15 minutes per day on the app and active sellers spending 30 minutes daily, ListUp claims to create a product that people can use to discover and sell things within their neighbourhood in the fastest possible way. (MORE)PRNewswire DLadvertisementlast_img read more