Adtech startup Zocket has raised $3 million in seed round led by Kalaari Capital with participation from Kettleborough VC.
Zocket helps SMBs to promote their offerings across multiple digital platforms, It now plans to use the proceeds to expand product offering, improve brand building, bolster the team and launch its full-fledged adtech solution for the SMBs.
It said its proprietary tech stack combines ~150 variables to generate the best ad copy, visual design, and platform for any SMB. The algorithm generates a real-time visualisation of any business’ social profile based on business category, location, intended target audience profile, expected spend, and other such parameters.
The startup said its beta version has garnered 5,000+ users within a week of its launch. Initially, the product was given on an invite-only basis to more than 100+ brands to run social media ads who have seen up to ~4x to 6x return on ad spends.
Zocket’s product GoBumpr has been scaled to 10+ cities driving customer footfalls to over 5,000+ small automobile workshops. However, the startup said GoBumpr was completely acquired by a traditional automobile after-market player in 2021.
Karthik Venkateswaran, cofounder & CEO of Zocket, said, “Consumer-facing small businesses in India have been heavily reliant on online classifieds for digital discovery. With social becoming the new identity, most businesses want to have their own online presence on Facebook, Instagram & other media. This is where Zocket comes in to help these small businesses instantly create their social presence and build their brand online.”
Vani Kola, managing director of Kalaari Capital, said, “We believe the next big disruption in SMB Tech adoption will be in the digital discovery layer as business owners move up the digital hierarchy stack. We are extremely delighted to partner with Zocket as they build an end-to-end tech platform for global SMBs that help these businesses generate instant content, publish across different platforms, and optimize ad spending for the highest ROI.”