Combonation, an e-commerce Startup has raised $2 million in its pre-seed funding round from unnamed group of private investors.
The startup plans to use the funds to recruit new staff members and expand its business and also plans to open more than 50 physical retail locations in Delhi-NCR.
The startup also said that it has developed a plan to spread to more than 100 locations in Northern India.
The Delhi-based Combonation was founded by Saurabh Nanda, It is an online shopping portal for best combo deals on products across categories like Grocery, Household, Personal Care, Baby Care, Beauty, Men’s Grooming etc.
“Pricing parity is the top objective for any CEO or management across online and offline platforms, which is regrettably not possible due to the different pulls and pressures of online and offline. This results in either disgruntled trade members and downward pricing pressures or the need for a separate range for offline and online channels, which results in inventory pressures”, said, Saurabh Nanda, founder and Managing Director of Combonation.
“By offering substantial discounts without disclosing the particular pricing of each SKU or brand, Combonation reduces the trade imbalance and fosters peace between online and offline trade platforms, keeping both customers and traders satisfied with a sense of mystery and excitement”, he added.
They are a budding idea, a promising venture. Combonation is a new 24*7 online shopping portal for the best combo deals on products across categories, such as Grocery, Household, Personal Care, Baby Care, Beauty, Men’s Grooming, etc.
Their AI-led technology is particularly going to be apprentice in shopping spree.
Supported & nurtured by the promoters of Nature Essence, a 20-year-old enterprise in the skincare category and Coloressence, a household name in trendy make-up and cosmetics, they are a start-up, operated by seasoned professionals with explicit expertise in the retail space. Combonation, is to make life even more easy & convenient.
Unlike many other online stores, the deals & discounts are not limited to a select few brands. But, are specially curated combining products from customer favourite brands across categories. They have 100% original products, free shipping, hassle-free delivery, relevant recommendations by the AI-enabled tools, prompt customer care, secure payment, and easy returns & refunds.