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Naaptol raises funding from Canaan Partners
By siliconindia
New Delhi: Online shopping portal Naatpol has closed the Series A round of financing from the Canaan Partners. Naaptol will use the funds to expand its operations to TV shopping, besides expanding its logistics footprint, sourcing exclusive merchandise and developing an "efficient" customer support.
Founded in 2008, the e-commerce company Naatpol offers a range of exclusive and non-exclusive products across different categories. Naaptol has developed robust technology to facilitate all aspects of home shopping including interfacing with multiple suppliers, multiple logistics partners, multiple media partners and being able to provide effective customer support. Naaptol has developed a technology to facilitate all aspects of home shopping including interfacing with multiple suppliers, multiple logistics partners, multiple media partners and being able to provide effective customer support.
While commenting on the funding, Manu Agarwal, CEO, Naatpol, said, "We are delighted to work with a leading Venture Fund like Canaan Partners and the capital raised will be applied directly to enhancing our capabilities and expanding into multiple media formats. We are looking to partner with leading media houses in the country to grow the home shopping category."
Commenting on the investment, Alok Mittal, Managing Director- Canaan Partners India said, "Building a leading home shopping platform requires capital in the range of 
150 Crores and Canaan Partners will contribute a significant piece of this.
Alok Mittal, Managing Director- Canaan Partners India said, "Building a leading home shopping platform requires capital in the range of 150 Crores and Canaan Partners will contribute a significant piece of this."
150 Crores and Canaan Partners will contribute a significant piece of this.
Alok Mittal, Managing Director- Canaan Partners India said, "Building a leading home shopping platform requires capital in the range of 150 Crores and Canaan Partners will contribute a significant piece of this."
