SkoolShop, an ecommerce site run by Occasion Kommerce Pvt. Ltd., has raised funding in a Series A round from Blume Ventures and angel investors including Sunil Kalra, Srikant Shastri, Vikas Choudhary and Puneet Deora, reports Yourstory. While the exact amount of investment made has not been disclosed, the report points out that Blume Venture typically co-invest in the range of $500K and $ 1.5 million. It’s not immediately clear as to how the company plans to use the funds raised.
Mumbai based SkoolShop, founded in 2011 by Satya Raghavan and Anusha Mahalingam is an ecommerce portal that sells education and school related products. It sells products such as course books, school bags, digital educational content, school apparels, art supply, among others. It also allows the users to shop by brand, category, class, benefit, personality, and allows students to inform parents about the purchase they want to make. The company has partnered with brands such as cartoon network, Fastrack, HCL MyEdu Tab, etc to offer their products on the site.
Previously, the company also had raised an undisclosed amount of funding from Ex-Microsoft Executive, Jaspreet Bindra, now CEO of Getit and Rajan Anandan, who is currently the Managing Director of Google India.
Most of the brands that the site offers already have their own online stores to offer brand merchandise Apart from that, for school stationary the site competes against Indian ecommerce giants like Flipkart, Homeshop18, among others.