YouPoundit Re-Launches As Poundit; Raises SGD850K Funds from Cocoon Capital - TeknoGadyet
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Saturday, September 30, 2017

YouPoundit Re-Launches As Poundit; Raises SGD850K Funds from Cocoon Capital

YouPoundit Re-Launches As Poundit; Raises SGD850K Funds from Cocoon Capital
YouPoundit Re-Launches As Poundit; Raises SGD850K Funds from Cocoon Capital

With Singapore-based Cocoon Capital’s support, Poundit has raised SG$850,000 funds to upgrade its reach and services in the Philippines.

Through the fund, Poundit will focus on building its team, expanding its reach, and improving its customer service. With this, they have announced its revamped online store to attract and engage more customers. The site will also move from www.YouPoundIt.com to www.Poundit.com.

“We were a group of friends passionate about giving fellow Filipinos a hassle free experience when shopping for electronics online. Our main focus is the customer and our aim is to give them an experience that we ourselves love. We’ve done this by providing a combination of curated selection, price savings and genuine customer service. Poundit carries only the best brands in the world, and we partner directly with them to give customers risk free shopping and product discounts,” Kristian Salvo, Founder and CEO, Poundit, said.

See Also: YouPoundit, A Tech E-Commerce Store That Puts The Customer First


Poundit has also built partnerships with tech brands, including Sony, GoPro, ASUS, JBL, Harman Kardon, and Otterbox. This allows their online store to offer authentic and authorized products at competitive prices.

Also, the company is seeing a triple digit growth with its fast-growing customer base in the country.

“Ecommerce is undergoing massive growth here with a transition to more professional, customer-centric players that make sure customers have an excellent journey from browsing to unboxing. Poundit is one of the most impressive startups we have seen in Southeast Asia since we started investing,” Will Klippgen, Managing Partner, Cocoon Capital, addressed.

Poundit is an award-winning e-commerce startup operating in the Philippines since 2014. It is the first investment of Cocoon Capital in the country, too.

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