Stealth Start-up Jasper, Focused on Retail Sector, Secures Angel Funding From US Investors

Jasper, an enterprise that addresses the inefficiencies in the organized retail sector in India, announced today that it has secured angel funding from prominent US based investors, who have previously backed companies such as House Values (NASD: SOLD), Yapta and Cleverset. The funds will be utilized for building an operations engine, and undertaking marketing initiatives.

"The problem in the booming organized retail sector in India can be summarized as: High Footfall-Low Conversion. We are adopting an innovative strategy to help solve this problem," says Jasper CEO, Kunal Bahl. "Given our strong management team, and leading consumer centric companies as our partners, these funds will further strengthen Jasper's operations. These are exciting times for our company as we continue to grow rapidly."

About Jasper:
Jasper is a company that thrives on identifying and implementing innovative, yet simple solutions to inefficiencies in the consumer products and services industry. Jasper is led by a strong management team of IIT, IIM, Wharton Business School alumni with successful entrepreneurial experiences as well as deep exposure to Fortune 500 companies, such as Microsoft, Capital One, ABN Amro, Deloitte Consulting, across the US, Europe and India.