Philippines-based Poundit is an ecommerce startup for electronics, gadgets, and accessories. It recently changed its name from YouPoundIt to Poundit.
How it compares to competitors: The startup claims to have built partnerships with global tech brands, which enables it to feature a curated selection of authentic and authorized products at competitive prices.
Poundit reports a fast-growing customer base, with a triple digit growth and a seven-figure revenue since its inception in 2014. but didn’t share hard numbers. It was named 2015 Retail Startup of the Year at the ASEAN Rice Bowl Startup Awards.
Amount raised: US$127,628
Funding stage: Seed funding
Lead investor: Cocoon Capital
Investment type: Equity
Purpose: Team development, business expansion, and customer experience programs
Total disclosed funding to date: N/A
Converted from Singapore dollar. Rate: US$1 = SGD 1,35.
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