NearFox, a local lifestyle content and discovery platform headquartered in Mumbai, has recently raised an undisclosed amount from Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium Co-founder and Ex-Principal of Ventureast Ravi Jain and Craftsvilla Products VP Arpan Nagdeve, among others.
The company will use the proceeds mainly for expanding the team and launching in more geographies. So far, it has been able to keep operational costs low through efficient use of technology, digital media and user-generated content.
Founded by Kiran Patil and Pritesh Mittal, both IIT-Bombay graduates, in 2015, NearFox brings to users the best in the city in food, shopping, beauty, fashion, fitness, entertainment and local travel. The startup is currently operational in Delhi, Bangalore and Mumbai, and plans to launch in New York next.