DiscountAid Joins FasterCapital’s LaunchUp Program to Bridge the Gap Between Offline and Online Shopping
DiscountAid, a promising startup based in India, has officially joined FasterCapital’s LaunchUp program. DiscountAid is currently raising $1M to accelerate its growth and further develop its innovative platform aimed at empowering local retail shops and enhancing the shopping experience for customers.
DiscountAid is an app designed to help retail shops easily post real-time offers and promotions, allowing customers to conveniently browse and discover the best deals from nearby stores. The platform addresses two key challenges: the declining foot traffic experienced by offline stores due to the rise of e-commerce and the inconvenience faced by customers in finding the best local deals. By combining the advantages of digital visibility with the tangible experience of offline shopping, DiscountAid seeks to revitalize the local shopping experience.
Hesham Zreik, CEO of FasterCapital, commented, "We are excited to work with DiscountAid and support them in their journey to redefine offline retail shopping. Their solution is practical and needed in today's market where local stores must find new ways to compete with e-commerce giants."
Hesham Zreik also added, "DiscountAid shows a great understanding of both the retailer's and the customer's pain points. We believe the team has the passion and insight to make a real impact in the retail industry."
Haider Mansoori, Co-Founder of DiscountAid, shared his enthusiasm about joining the program: "We are thrilled to be part of FasterCapital’s LaunchUp program. Their support will be invaluable as we aim to simplify and enrich offline shopping for millions while helping local businesses thrive. With the funds we are raising, we plan to scale quickly, expand our reach, and refine our app to better serve both retailers and shoppers."
