Info-tech

Gabbardeals secures funding from Venture Catalysts

Our Bureau | | Updated on: Jun 15, 2020
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Pune-based omnichannel mobile phone retail brand Gabbardeals has secured an undisclosed amount of funding from Venture Catalysts.

The company will use the funding to ramp up its operations, expand services and forge new partnerships, Gabbardeals said in a statement.

“When customers purchase a phone from an e-commerce platform, it takes at least 24 hours for the phone to get delivered. Taking into account the supply chain disruptions caused by the Covid-19 crisis, the delivery can even get delayed by a few days,” Niraj Raka, Founder and CEO, Gabbardeals, said.

“Through Gabbardeals, however, customers will get their hands on the brand new phone within two hours. We have made this possible by bridging the gap between online and offline retailers. This way Gabbardeals helps e-commerce platforms to cut down their logistics costs and offline stores to acquire a larger customer base,” Raka added.

With a widespread presence spanning across India, Gabbardeals has footprint in both metros and small towns. So far, it has tied up with 30 mobile phone franchise stores. Gabbardeals has sold 26,000 mobile phones and 17,000 accessories, registering a gross merchandise volume (GMV) of over ₹50 crore.

Published on June 15, 2020

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