Shopping platform Flash.co secures $6.7 million in funding

Flash.co, a shopping platform, announced on Tuesday that it has secured $6.7 million (approximately Rs 55 crore) in funding through a funding round led by Blume Ventures and PeerCapital. Additional participants in the round included White Venture Capital and Emphasis Ventures, as disclosed by the company in an official statement.

The platform specialises in offering features such as shopping tracking, spend analysis, and personalised lifestyle rewards based on individual shopping habits. Users are provided with a unique flash.co email ID, and they also have the ability to import their orders from various Gmail accounts into the Flash app.

With this latest funding round, Flash.co has raised a total of $12.5 million (Rs 104 crore) within just five months of launching its lifestyle app. Ranjith Boyanapalli, the CEO and Founder of Flash.co, said, "Achieving the milestone of 8 million users within five months, from processing our very first email, is a testament to the trust and support of our users. We warmly welcome Blume Ventures to the Flash family. The co-leadership of the round by PeerCapital is a significant validation of our product, team, and vision."

Flash.co has garnered support from various investors, including Global Founders Capital, White Venture Capital, PeerCapital, Emphasis Ventures, Soma Capital, Zinal Growth, and a group of angel investors that includes prominent figures like Binny Bansal, co-founder of Flipkart, Kunal Shah, founder of CRED, and Sujeet Kumar, co-founder of Udaan, among others.

(With PTI Inputs)