Flipkart Acquired AR Startup Scapic With 100% Stake In The Startup

Flipkart Acquired AR Startup Scapic With 100% Stake In The Startup

To help its shopping experience capacities, the Flipkart Group has reported the obtaining of enlarged reality startup Scapic. The business possessed by Walmart will purchase a 100% premium in Scapic and be essential for its administration.

Scapic’s group will attempt to accelerate Flipkart’s endeavors to furnish its foundation with more profound camera cooperations, virtual customer facing facades, and new brand promotion openings, Flipkart said in an official statement.

Kalyan Krishnamurthy, the CEO, Flipkart Group, said As we make speculations dependent on improving and sustaining the retail biological system, we are likewise dedicated to making our foundation regarding substance and experience simpler to get to and more extravagant for clients.” I invite Flipkart’s Scapic group as we proceed with our endeavors to furnish our customers with more profound worth.

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Set up by Sai Krishna V K and Ajay P V, Scapic is a cloud-based stage that permits Virtual Reality and 3D substance to be delivered and distributed and as of now serves web based business and advertising clients. The organization additionally helps construct shopping encounters across classifications, for example, attire, furniture, and hardware, notwithstanding offering neighborhood language interfaces on its site for clients over the world.

Scapic is creating advanced innovation that utilizes Virtual Reality and 3D to rejuvenate things. Advances in the region of AI, Computer Vision, and AR by the Scapic group have made this change conceivable. The no-code foundation of Scapic adds to making vivid encounters through classifications, for example, design, furniture, and gadgets, said fellow benefactors of Scapic

The organization was essential for the Y Combinator Startup School, was additionally one of the victors of the Wharton India Economic Forum’s Karnataka Elevate 100 program, and was distinguished as one of the best 120 new companies. In 2018, it had prior gotten seed financing of $500K from Axilor, Speciale Invest, and Newfort Capital.

In January 2018, the three-year-old beginning up raised $500,000 from Axilor, Speciale Invest, and Newfort Capital in its seed round of subsidizing.

This is the second procurement in November by Flipkart. Flipkart purchased the licensed innovation of gaming fire up Mech Mocha for an undisclosed entirety prior this month. The association additionally bought a 20 percent stake in the EasyRewardz devotion and prize program and the Live.ai discourse acknowledgment stage in 2019.


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