Thursday, October 6, 2022
HomeInsightFunding Alert Ecommerce search tech startup Wizzy raises $300K

[Funding alert] Ecommerce search tech startup Wizzy raises $300K

Ecommerce search tech startup Wizzy
Ecommerce search tech startup Wizzy

100X.VC backed company Wizzy, an advanced site search solution for ecommerce stores and marketplaces, raised nearly $300,000 from Manipal Technology & Media Group, Concept India, Quattro Ventures, and Sat Industries.

In this round many investors participated like Jio Fund head Amey Marshelkar, Times Network VP Jignesh Kenai, serial investor Sanjeev Shah, Strategy Head Amogh Agashe, Indian Hotels VP Giridhar Sanjeevi, Anlage CEO Umesh Chhazzed, Google Marketing Head Jaydeep Deshpande, and others.

Aenik Shah, CEO at Wizzy.ai said, “Being part of 100X.VC was an exhilarating experience, and we are so proud and honoured to have convinced our esteemed investors in our vision and to have raised the money to scale and achieve our ambition with Wizzy.”

The startup plans to use the fund to evolve the product, amplify its reach to store and marketplace owners around the world, and make product discovery and shopping more seamless.

Ninad Karpe, Partner, 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.”

Ahmedabad based startup Wizzy was founded in 2021 by Aenik Shah and Alok Patel. Wizzy is a e-commerce search engine which making product discovery easy and seamless for shoppers. It was designed to boost visit-to-sales conversion organically as well.

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