Dukaan raises $6 million led by Matrix Partners, Lightspeed India

Dukaan, a platform that enables small merchants to set up an online store, has raised $ 6 million co-led by Matrix Partners India and Lightspeed India Partners.

A clutch of angel investors including Haresh Chawla, the founding CEO of Network 18; Shashank Kumar, the founder of Razorpay, and Sandeep Tandon and Kunal Shah, cofounders of FreeCharge, have also backed the company.

The fundraise comes at a time when the company is embroiled in a court battle with Sequoia India-backed Khatabook for alleged copyright violation.

Following an order by the Karnataka High Court on September 25, the Dukaan app is currently not available on the Google Play Store.

According to the order, Dukaan co-founder and CEO Suumit Shah has also been barred from running, operating and managing the Dukaan app on any other online platform till the next hearing on November 9.

Shah declined comment on the ongoing case with Khatabook.

The nationwide lockdown resulted in merchants across India shuttering businesses, with most lacking knowledge to build a digital presence.

Dukaan has since inception earlier this year enabled 2.7 million merchants across the country to go online. In the last three months, its stores have generated over 600,000 orders at a total gross merchandise value of Rs 100 crore, the company said.

“Our mission is to enable each and every small retailer to launch, compete and grow their business online, without ever worrying about technology,” Shah said.

Dukaan, founded by Shah, Subhash Choudhary, Kaustub Pandey and Anurag Meena, plans to expand to India’s 60 million small and medium-sized merchants across multiple categories such as books, consumer goods, grocery, fashion, electronics and professional services.

“Small businesses are turning to technology faster than ever to survive the pandemic, and Dukaan makes it easier than ever to start, run and grow a business online,” said Tarun Davda, managing director, Matrix India.

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Tech-Economic Times

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