Zolo a Noida based on-demand talent marketplace has raised an undisclosed amount of seed funding from Hitouch AG- a Singapore based Software Company.
Oliver Westphal, CEO, Hitouch AG, said
“We see Zolo as eBay of services with a huge potential & touch millions of lives once it goes global.”
The funds will be used for expansion in other cities. It intends to add more services and categories to the portfolio.
Zolo was founded by Manish Tahilliani and Sataya Basu. It is a platform for an on-demand talent where people can discover, sell and buy talents and services such as consultation, digital business, etc, and acts as middlemen connecting users with service and goods providers who require such services and merchandise.
It is a commission based model making around 10-20% from vendors on each sale. By March 2017, it expects a revenue of $12-15 million GMV.
Satayu Basu, co-founder and CEO, Zolo said,
“We like to think of ourselves as a platform for solo entrepreneurs helping them build an income and a growing personal brand for long lasting success. We’re also launching dedicated platforms like Zolo Homes, Zolo Skills, Zolo Rentals, Zolo Academy, Zolo Lounges & Zolo Eat to build a holistic environment with space, technology and marketing for solo entrepreneurs to build a business on their core competencies and leave the rest to us.”