Mobile Shopping App Tapingo Bags $10.5M
SAN FRANCISCO -- Tapingo, a mobile shopping platform with contextually-aware native apps for consumers and easy operational integration for merchants, announced today that it has received $10.5 million in Series B funding. Khosla Ventures led the round with participation from existing investor, Carmel Ventures. With growing traction in various geographies, Tapingo provides the easiest local shopping experience for on-the-go consumers in busy retail environments.
"Tapingo has built a vibrant two-sided marketplace of students and restaurants," said Ben Ling, an investment partner at Khosla Ventures and now Tapingo board member. "Once someone tries Tapingo, they’re hooked and active -- using it multiple times a week. Restaurants, meanwhile, see greater efficiency and enjoy more sales. Tapingo creates enormous value for micro-economies like college campuses, and we are thrilled to work with the team and help the company grow."
Tapingo enables discovery and immediate order fulfillment through the only platform targeting busy shoppers in dense retail environments. Tapingo is currently focused on university campuses, perfect closed ecosystems of merchants and consumers who are short on time.