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    Gizmobaba to attend the 3rd Startup India Investment Seminar in China

    Published on November 11, 2019

    Bangalore: Gizmobaba, a niche homegrown curated products crossborder social eCommerce platform has been shortlisted by Venture Gurukool, an early stage investor and incubator for the 3rd Startup Investment roadshow to be held in China at Shenzhen, Shanghai and Beijing, in partnership with The Indian Embassy, Beijing and The Consulate General of India in Shanghai and the Consulate General of India in Shenzhen

    The 6 days event from 26th November – 1st December 2019 will have over 12 shortlisted Indian startups presenting to and networking with several hundred Chinese investors.

    Alok Chawla, CEO & Co-founder, Gizmobaba.com said, “We are proud to be one of the 12 startups shortlisted this year. We have recently closed a Pre Series A round with LetsVenture, and are looking to raise a $5m Series A round. This funding will help us to further grow our crossborder social E-commerce business and invest aggressively in marketing, the right team and technology. Our high gross margin business model ensures a fast path to profitability and sharing a larger revenue percentage to our selling partners. We are already profitable on a unit economics basis”.

    Recently Gizmobaba established its presence internationally by launching Gizmobaba.CLUB to cater to customers in the US, UK and UAE.

    Says Mr. Mahendra Swarup, Founder, Venture Gurukool, After an enthralling success from our past Investment Shows in China. Venture Gurukool will be hosting “The 3rd Startup India Investment Summit” November 2019 in 3 cities- Beijing, Shanghai (28th Nov) & Shenzhen in partnership with The Indian Embassy, Beijing and The Consulate General of India in Shanghai and the Consulate General of India in Shenzhen. This year the Investment Summit has received several hundred Startup applications, whereby 12 promising startups have been shortlisted to participate and showcase their ventures at the 3rd India Investment Summit in China.

    The event is planned to expose Chinese investors to promising Indian startups and help Indian startups to reach out to these investors for investment and strategic partnerships.

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