Shopular Raises $6.4 Million For Real-Time Mobile Deals
Last December, Y Combinator-backed Shopular launched a mobile app that runs in the background to monitor a consumer’s location and then automatically generates valid and place-appropriate coupons. On Thursday, the company said it had raised $6.4 million in a Series A round, led by Sequoia Capital. As part of the deal, Sequoia’s Tim Lee will join the company’s board of directors.
With the funding, co-founder Navneet Loiwal said the company plans to expand its four-person team, which includes former Google and Shopkick employees, and invest in marketing.