Avendus Capital Advises Unbxd on Its Series C Financing Led by Eight Roads Ventures With Participation From Existing Investors.
Unbxd, the cloud-based product discovery platform for e-commerce, has raised Series C funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, and from existing investors IDG Ventures, Inventus Capital Partners and Nirvana Ventures. Unbxd will further invest in its artificial intelligence (AI) powered platform that enables online retailers to capture the 15%-40% in revenue that is lost due to a poor product discovery experience. Kris Gopalakrishnan, Infosys Co-Founder, also invested in the round.
Avendus Capital was the exclusive financial advisor to Unbxd’s Series C round.
About Unbxd
US retail’s success in e-commerce has become more critical now than ever and heavily hinges on customer experience. The Unbxd AI powered personalized product discovery platform uniquely understands users’ intent to significantly enhance their online shopping experiences, increasing conversions and revenue.
About Eight Roads Ventures
Eight Roads Ventures backs entrepreneurs with aspirations for greatness. By combining a collaborative approach with the strength and resources of the Fidelity network and a near 50-year history of investing, Eight Roads helps companies across the globe accelerate their growth and become leaders in their field. Our track record includes investments in Alibaba, BankBazaar, Cloudian, IFMR, Icertis, Made.com, Manthan Systems, Netmagic (NTT) and WHILL.
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