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Product discovery app RedCarpet graduates from Ycombinator

Gurgaon-based RedCarpet, a rewards and product discovery application which allows people to to find products online and order them for pickup in-store in kirana stores throughout India, has graduated Silicon Valley accelerator Y Combinator's Summer 2015 batch, reports TechCrunch. RedCarpetcurrently claims to have tie ups with 120 stores, and 6x revenue growth across the past 4 months across Delhi, Gurgaon and Noida. RedCarpet's app is looking to simplify reward programmes where deals get applied automatically when users pay through the app. The application also claims to bring an Amazon-like personalization, loyalty and recommendation platform to local retailers. It says that its system works with legacy billing software used by small retailers and large retailers with more complex point of sale systems. The company was founded by Kartik Venkatraman and Sandeep Srinivasa. Before starting RedCarpet, Venkatraman was VP for marketing & analytics at Tradus. In previous roles, he held numerous leadership roles at Travelocity…

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