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Retail Updates
Gobble raises ~USD 1 mn to expand self-checkout stores

Gobble raises ~USD 1 mn to expand self-checkout stores

by Editor
September 16, 2021
in FMCG, Payments, PoS S/w, Retail AI
Reading Time: 2 mins read
0

Gurgaon based start-up Gobbly founded by Amit Ahuja and Ankur Aggarwal has raised Rs. 7.20 cores to expand it’s self-vending kiosks which it had pivoted in 2020 in the wake of the pandemic. The company, through smart algorithms offers fresh from farm fruits, vegetables and other daily use items which can be bought off the shelf without contact – the recent sensation in shopping which is gaining traction across India and worldwide. The duo realized that a 24×7, unmanned, and completely digital form of retail is the way to scale, powered by captive spaces such as residential and gated communities.

Amit Ahuja, Co-founder, Gobbly, said, “We are combining the convenience of online shopping with the instant gratification of real-world retail. Marry that to our strategy of maximizing captive spaces on the back of our indigenously developed tech stack and we get an unfair edge over our competition while catering to a huge commerce opportunity in apartments.”

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The company operates across 6 locations in NCR currently.

Ankur Agarwal, Co-founder, Gobbly, added, “With this funding, we are now excited to tap the retail opportunity present inside residential apartments. These places are a hub of tech-savvy millennials with high purchasing power creating social communities in their own right, providing a perfect platform for Gobbly.”

Agility Ventures and other notable angels like Kunal Shah (Cred), Anupam Mittal (People Group), Jitendra Bhandari (Nic Naturals), Sameer Chugh (Mosambee), and Mihir Agarwal (Ex PE professional and Entrepreneur) also participated in the round. The firm will use the funds to give a fillip to its vision of making buying a safer experience for people in a post-Covid world.

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