Online shopping is now an important part of people’s daily life. Subscription based eCommerce is also a part of it but it has yet to get people’s attention. But RecurRex, a new startup in the country, want to help eCommerce to acquire more customers through the subscription model.
RecurRex is a Bangalore based startup founded by brothers in February 2016. With help, if RecurRex, existing or new eCommerce companies can launch the subscription-based business and get a regular income from subscribed customers.
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While there are few other similar players are in the market, they are not just the same kind of startup. RecurRex not just focus on payment processing and billing, but they also help eCommerce to better understand their customers.
Although very few Indian try this kind of subscription model, but this is because they have fewer options. RecurRex can revolutionalize this market but making it easier for both eCommerce stores and customers.
The company raised seed funding back in October last year to develop the product and now they are looking to raise $400,000 of angel investment to make this product better and reach to more eCommerce players.