Suvidhaa plans aggressive expansion

Suvidhaa Infoserve Pvt. Ltd, a pioneer in the Services Commerce (‘S-Commerce’) in India, has recently announced the completion of USD seven million second round of funding. Suvidhaa will use the capital to enhance its technology platform, broaden its portfolio of consumer service offerings, and aggressively expand its market presence in neighbourhood stores pan India via franchise route.

Established in 2007, the company is promoted by Paresh Rajde, and was initially seed funded by Shapoor Pallonji Mistry. Presently, the company is operating through more than 25,000 neighbourhood stores called 'Suvidhaa Points' across India. Suvidhaa has grown its presence in 20 states and throughout 500 cities/ towns across urban and rural India. The Suvidhaa Points consists of Kirana Stores, Mobile Stores, Medical Stores, STD Booths, Cyber Cafes, Travel Agents, Insurance Agents and many other categories of neighbourhood stores.