Mumbai, March 08, 2022
Wizzy, an advanced site search solution for e-commerce stores and marketplaces, has raised nearly US $300,000 in a funding round. The company said it will use the funds to evolve the product, amplify its reach to store and marketplace owners around the world, and make product discovery and shopping a seamless experience driven by the most advanced site search technology.
Investors included Manipal Technology and Media Group, Concept India, Quattro Ventures, Sat Industries, Kolte Patil and top angels like Jio Fund head Amey Marshelkar, Times Network VP Jignesh Kenai, Serial Investor Sanjeev Shah, Indian Hotels VP Giridhar Sanjeevi, Strategy Head Amogh Agashe , Anlage CEO Umesh Chhazzed, Capgemini Senior Manager Umang Shah, Google Marketing Head Jaydeep Deshpande and other marquee angel investors.
Founded in 2021, Wizzy is the brainchild of Aenik Shah and Alok Patel—two passionate, motivated problem solvers with a strong tech background, who hail from the entrepreneurial spirit of Ahmedabad. Wizzy was created to help solve a major problem for e-commerce stores—making product discovery easy and seamless for shoppers, just like the most popular marketplace apps. It was designed to boost visit-to-sales conversion organically as well.
Talking about Wizzy, Mr. Ninad Karpe, Partner at 100X.VC said, “Wizzy is at the right stage with the right product to disrupt the worldwide e-commerce market and is poised to capture a significant market share. I believe that the team and product is on track to onboard more than 50,000 e-commerce stores by 2025 and impact millions of dollars worth of purchases that happen online.”
The tech marketplace startup had raised a cheque from 100X.VC as part of the Fund’s Class 06 Portfolio.