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Mobile app Jhakaas that helps local biz get online raises Rs 1 crore



Jhakaas Technologies that enables local businesses to create a presence online, has raised a capital of 1 crore for its mobile Application called ‘Jhakaas’.
The investors include biggies such as Mumbai-based management consultancy firm Stelcore Management Services Pvt. Ltd; Malini Patel, Country Manager, Bloomberg Data Services Pvt. Ltd; CP Sanadhya, Director at Housing Finance Company India Shelter Finance Pvt. Ltd; and Anjani Prasad, Managing Director at Colour and Specialty Chemicals company Archroma India.
The app includes more than 35 categories currently with over 30,000 merchants in the three metros, and expects to grow its network to more than 2 lakhs merchants in the next six months. It’s currently available in Mumbai, New Delhi and Bangalore and soon will be launched in other cities by end of next quarter.
The application is available on both Android and iOS versions. Presently, the app is operational in two languages i.e English, Hindi and will integrate few regional languages in the coming months too.
Commenting on the occasion Bharat Mandot, Co-Founder, Jhakaas Technologie, said, “The company will use the funds primarily to develop integrated IT solutions and enhance merchant awareness. Our aim is to focus on every kilometre that shall provide 300 shops so that both the parties receive 100% satisfaction for their daily requirements.”

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