Funding story
An innovative concept that of splitting bills among a group of people who participate in an event, allowing for the more affordable participation in leisure options, has taken off in a big way in India. Leading the charge is Gurgaon-based Splitkart E-Services Pvt. Ltd. The startup was founded by Sharique Khan and Manojeet Sinha in June. It got a big boost recently by managing to raise seed funding from Snapdeal’s Anand Chandrasekaran.
About Splitkart
Operating in the NCR region, Splitkart greatly enhances the process of leisure discovery. It allows users to discover attractive offers showcased by restaurants and pubs. Like other startups, it hyper localised such exciting offers. It also allows for the planning of planning of exciting experiences, and then, its ultimate feature takes over that of bill splitting. Thus, Splitkart goes far beyond what conventional leisure discovery platforms offer. By facilitating convenient bill splitting through its excellent algorithm, Splitkart provides a holistic leisure experience. Furthermore, instead of having the user worry about cashback, points and related hassles, Splitkart lists offers which provide spot discounts. Overall, Splitkart allows users to keep easy track of their payments, besides facilitating convenient and painless spending through mobiles themselves. Every aspect of the app is designed to reduce hassle-users don’t have to worry about uncomfortable follow-up or backlog issues.
The bottom line
The app has already notched up almost 1,000 downloads, with its easy-to-nature making it a big hit among users. Both Khan and Sinha are experienced and successful entrepreneurs—both of them were associated with the CupoNation venture. It can thus be expected that this hugely exciting innovation will be a valuable addition to the leisure discovery process. It will probably also be able to hold its own against its competitors in this segment.
