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Zopper raises $20 million funding from Tiger Global and Nirvana

Hyperlocal marketplace Zopper has raised $20 million in a Series B round of funding from Tiger Global and Nirvana Ventures Advisors. The platform will use the funding for establishing itself in 30 cities across the country, making ‘key’ appointments and developing its technology. The company will also look to rope in further retailers on its platform. Zopper had previously raised $5 million in a round of funding in July last year from Tiger Global and existing investors Nirvana Venture Advisors and Blume Ventures. The company had also raised an undisclosed amount of investment from investors like Nirvana Ventures Advisors, Blume Ventures, Canaan India MD Rahul Khanna and Flipkart co-founders Sachin and Binny Bansal in April 2013 and had raised investment from Blume Ventures and VentureEast in June 2012. Zopper lets users search for products and categories and compare prices, which…

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