Cube26 receives Rs.50 crore seed funding

New Delhi, Oct 19 (IANS) Technology innovation company Cube26 on Monday said that it has received Rs.50 crore in seed funding from domestic e-commerce marketplace Flipkart and Tiger Global Management.

“With our software focus and product-led monetisation approach, we are confident of providing unique user experiences across form factors and devices to Indian consumers,” said Saurav Kumar, chief executive and co-founder, Cube26.

“We want to bridge technology gap in India and build products and solutions which are accessible and intuitive in nature,” he added.

The company said that it has plans to utilise the funds to leverage its software expertise across devices and expand its team.

“We believe Cube26 has the potential to transform user experience across devices with its software expertise,” said Nishant Verman, head of corporate development, Flipkart.

“Technology innovation will be key to India’s growth and we are looking for the next big software innovation from India and this investment is a step towards the same,” he added.

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