Just Buy Live raises $100 million, eyes global expansion

By

Maverick Martins

Published
Aug 28, 2017

Just Buy Live, an online distributor that connects retailers to consumer brands has raised funds of $100 million from Ali Cloud Investments, a Dubai-based boutique investment firm and will use to same to expand its presence in the Indian and overseas market.
 

The company is aiming to be profitable in this financial year and has plans to utilise the funds to foray into the global market with its concept of using the digital platform to connect brands with offline retailers.
 
“Our India business is already matured and close to profitability and our tech is now scalable and robust enough to be opened up to the world,” said Sahil Sani, chairman & CEO of Just Buy Live in a media statement.

The company’s robust technology platform potentially makes almost every unit of physical stock from all listed brands, available to every shop in every zip code directly in real time, the statement added.
 
The company had received funding last year from Mohandas Pai's Arin Capital and Alpha Capital Advisors
 
Ali Cloud Investments chairman S.M. Ali said: “Just Buy Live is now ready for global expansion to every country and developing market that can benefit from this platform and we will move quickly to enter new markets with strong local partners.”
 
Founded in March 2015, the startup utilizes a cutting-edge mobile application with intuitive interfaces and user-friendly features to democratize product access for its customer base consisting of retailers and SMEs.