Roofpik, a customer focused platform for brokerage and real estate review, has gained Shoppist, that is involved in offering customized item discovery. The amount is yet to be disclosed and it is affirmed as a cash and stock deal.
What Divji Goyal said on the deal instead of disclosing the amount
Divij Goyal , Shoppist founder, did not reveal the financial detail of the deal instead he said that soon he will join this Gurgaon-based company’s board as chief marketing officer.
Goyal said that, “There’s a clear gap in the real estate space that can be addressed by user-generated reviews ratings of properties and agents. I hope this acquisition will help build Roofpik into a bigger and a valuable brand for users”.
Company utilizes the NLP technology to help its customers in choosing the best and relevant products based on their personal profile, interest and trends. The app is integrated with machine learning and artificial intelligence and successfully recommends products along with conveying the real time information for deals and discounts to users.
How the deal will help Roofpik
With this procurement, Roofpik will have the capacity to convey customized property proposal to its clients, produce significant analytics and validate reviews from 5,000+ client reviews which are currently live on its platform.
Arpit Mittal who is the co-founder of Roofpik said that, “The Shoppist team brings a fresh boost of expertise to the core team of Roofpik. This acquisition will help us build a robust and experience-oriented product with the potency to give voice to the people in the real estate industry.”
Company will fortify its team and offers
As per Mittal, company will also fortify its core team and offer personalized property recommendations to its customers.
Other shopping assistance apps which acquired significant amount of funds
Previously many of the shopping assistant apps have raised funds including TheShoppingPro which acquired angel funding from Travel Boutique online and others. Moreover, HeyBiz acquired funds from Shopclues, Scandid supported by 3One4 Capital and Voodoo supported by SAIF Partners.