Social discovery app Shouut raises funding worth $500,000

Bengaluru: Giant Tech Labs Pvt. Ltd, which owns social discovery app Shouut, has raised $500,000 in an angel round from an undisclosed high net-worth investor in India, the company said in a statement on Wednesday.

The app enables consumers to discover deals, buy event tickets or redeem coupons.

Businesses benefit by leveraging Shouut’s proximity marketing tool. The company claims to have tied up with Shoppers Stop, Croma, Reliance Digital and Benetton among others.