Japan’s Beenos joins $2M investment round in India’s e-commerce enabler KartRocket



Tokyo-based Beenos (previously Netprice.com) announced today that it has participated in a $2 million investment with India’s Nirvana Venture Advisors and 500 Startups in New Delhi-based Bigfoot Retail Solutions, the company behind India’s e-commerce enabling platform KartRocket.

For Beenos, this follows their investments in other companies in the Indian e-commerce industry, such as ShopClues (January 2013) and Citrus Pay (December 2013). Beenos had also invested in Indonesia’s biggest e-commerce platform Tokopedia in its early days in 2012, and the former company unveiled yesterday that it had earned about $4 million in profit by transferring some Tokopedia shares to Softbank and Sequoia Capital.

KartRocket provides an e-commerce platform that enables retailers to launch their online storefronts easily in a way that is similar to what Shopify does in the US. The company was serving only about 100 online stores a year ago, but that number has now jumped to 1,900.

KartRocket previously fundraised an undisclosed amount in angel funding from 5ideas Startup Superfuel and 500 Startups, with participation from Jatin Aneja, a partner at India’s largest law firm Amarchand Mangaldas, in July 2013.