The growth of e-commerce behemoths like Amazon and the convenience they offer to shoppers have been especially hard on local brick-and-mortar stores. A startup called Bindo wants to reverse that trend. Headquartered in New York City with offices in Hong Kong, Bindo has created an iPad point-of-sale system that integrates with its cloud-based payment platform for small merchants, with the goal of making it easy for customers to shop online for products carried by stores in their own neighborhoods.
Today the company announced that it has closed a seed round of $1.8 million, co-led by Gary Vaynerchuk, East Ventures, and Metamorphic Ventures.
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