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Published
Dec 29, 2021
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Social commerce platform Coutloot claims to boost income of its sellers

Published
Dec 29, 2021

Mumbai-based social e-commerce start-up Coutloot has claimed that it helped over six lakh small street shops and sellers to expand their business online.
 

Social commerce platform Coutloot claims to boost income of its sellers


The company stated that through its platform it has boosted their seller’s income sevenfold claiming that a seller earns around Rs 16,000 ($215) every month as compared to Rs 2,300 at the start of the pandemic in 2020.
 
“We aim to expand and evolve the platform for the betterment of the sellers as well as buyers. The team has been customising the app for our users who are not tech-savy. We are overcoming such challenges with new updates in the app that have experienced a great response. We currently have over 1 crore app downloads and are in the top 20 shopping apps in the country by Play Store ranking,” in a statement said Jasmeet Thind, co-founder of Coutloot.

Coutloot had recently raised $8 million in a pre-series funding round led by venture capital firm, Ameba Capital to expand its services for retailers, scaling its B2B supply chain, and stepping up hiring activities across verticals, including tech, marketing, and leadership roles.
 
Founded by Jasmeet Thind and Mahima Kaul, Coutloot claims that its platform provides business opportunities to over 500,000 offline retailers, mom-and-pop stores, home sellers, and street hawkers.

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