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HomeInsightNews & Update E-commerce startup Fydo raises seed funding led by Karekeba Ventures, India...

[Funding alert] E-commerce startup Fydo raises seed funding led by Karekeba Ventures, India Accelerator, others

Satyajeet Patnayak & Dharam Chand Patnaik Founders of Fydo
Satyajeet Patnayak & Dharam Chand Patnaik Founders of Fydo

E-commerce startup Fydo has raised undisclosed pre-seed funding from Karekeba ventures, India Accelerator, Jharkhand Angels, including some famous angels from Godrej & ICICI Bank to accelerate growth.

Fydo was founded by Satyajeet Patnayak, Dharam Chand Patnaik & Sinchan Kr Mishra in 2020.

Fydo – A Hyperlocal Discovery Startup that gives information about Best Deals, Events, curated offers, sales & assured cashback with a ton of other features for their customers to help them to explore their city in a better way at the same time. It helps businesses in generating more sales & customers.

This fund will help us to reach our upcoming goal of reaching 5 Lakh Customers & 50 thousand shopkeepers, with official Marketing Outreach Partner of 35+ Malls across 15 cities, and 150+ Pan India Brands Tie up, said Co-founder Satyajeet Patnayak.

Our current Operational Cities are Bhubaneshwar, Cuttack, Varanasi, Pune, Chalbasa,
Ranchi, and Jamshedpur. Cities we have planned to expand are Kolkata, Lucknow, Patna, Gwalior, Gaya, and Indore, he added.

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