What is CoutLoot?
Established in 2016 and headquartered in Mumbai, Maharashtra, CoutLoot operates as a mobile application facilitating the buying and reselling of fashion items across India. The platform aims to empower individuals and small businesses by providing a robust eCommerce infrastructure for fashion commerce. Its operations span nationwide deliveries, positioning it as a key player in the burgeoning Indian online retail sector.
How much funding has CoutLoot raised?
CoutLoot has raised a total of $9.2M across 5 funding rounds:
Multiple Rounds
$164K
Other Financing Round
$1M
Other Financing Round
$8M
Other Financing Round (2016): $44K with participation from Artha India Ventures
Grant (2016): $80K led by Facebook
Other Financing Round (2016): $40K supported by Facebook
Other Financing Round (2018): $1M featuring Artha India Ventures and JadeValue
Other Financing Round (2021): $8M backed by SOSV, 9Unicorns, and Ameba Capital
Key Investors in CoutLoot
Artha India Ventures
Artha India Ventures is an investment firm that mentors and invests in early-stage ventures, with a diversified portfolio across various sectors including eCommerce and technology.
9Unicorns
9Unicorns is an accelerator program focused on transforming early-stage companies into successful ventures by providing capital, mentorship, and access to a global network of investors and industry leaders.
Facebook, a global social media and networking service company, has participated in CoutLoot's funding rounds, indicating a strategic interest in the eCommerce and social commerce space.
What's next for CoutLoot?
The substantial enterprise-level backing and recent strategic investment signal a phase of aggressive scaling and market expansion for CoutLoot. This financing is expected to fuel product development, enhance user acquisition strategies, and potentially broaden the company's service offerings. With a focus on the rapidly growing Indian eCommerce landscape, CoutLoot is strategically positioned to leverage this capital for sustained growth and to solidify its market presence.
See full CoutLoot company page
