Mumbai, India & Dubai, UAE— June 19, 2025

DiscountAid, an India-based retail tech startup, has announced a strategic partnership with global incubator FasterCapital through its LaunchUp program. This collaboration will accelerate DiscountAid’s mission to revitalize local retail by helping stores post real-time offers and enabling shoppers to discover the best local deals — conveniently bridging the online-offline shopping divide.

Market Opportunity: A $1 Trillion Retail Challenge

The Indian retail sector, valued at over $1 trillion and projected to grow at 9-11% annually, faces mounting pressure from e-commerce giants eroding offline foot traffic. Local shops struggle to compete due to limited digital presence and costly advertising. Meanwhile, consumers waste time hopping between stores to find bargains or settle for less-than-optimal deals online. DiscountAid targets this inefficiency by digitally connecting shoppers with hyperlocal promotions — tapping into an underserved market opportunity worth billions.

Innovative Solution for Retailers and Shoppers

DiscountAid’s easy-to-use app empowers local retailers to broadcast real-time discounts and product offers directly to nearby customers — boosting store visibility without hefty ad spends. Shoppers can effortlessly browse curated deals from multiple neighborhood stores, saving time and money while supporting local businesses. The core features are free for shop owners, driving adoption and community growth. With strong early traction in pilot markets and growing retailer sign-ups, DiscountAid is poised to become India’s go-to local shopping discovery platform.

FasterCapital’s LaunchUp Advantage

By joining the LaunchUp program, DiscountAid gains access to FasterCapital’s extensive global network, expert mentorship, and fundraising support. FasterCapital — renowned for its selective portfolio and proven startup acceleration — will provide strategic guidance, technical resources, and co-funding opportunities to help DiscountAid scale rapidly and capture market leadership.

Executive Perspectives

"We created DiscountAid to eliminate the everyday frustration of offline shopping and to empower local stores with tools usually reserved for big brands," said Haider Mansoori, Co-Founder of DiscountAid. "Partnering with FasterCapital is a big leap forward. Their backing will help us reach millions of shoppers and thousands of local businesses faster than we ever imagined."

Hesham Zreik, CEO of FasterCapital, commented: "DiscountAid has identified a real pain point for both retailers and shoppers in a booming but competitive market. We are confident that our LaunchUp program will give them the edge to expand quickly, refine their platform, and set a new standard for local retail engagement."

Road Ahead and Growth Plans

With this partnership and a $1M funding round underway, DiscountAid aims to enhance its app features, onboard over 10,000 local retailers within 18 months, and expand operations to multiple Tier 1 and Tier 2 cities across India. The long-term vision: make offline shopping as smart and convenient as online — while helping local economies thrive.

About DiscountAid

Founded in India, DiscountAid is a retail technology startup on a mission to bridge the online convenience and offline shopping gap. By enabling local shops to share real-time deals and helping shoppers discover the best local offers, DiscountAid supports community businesses and elevates the shopping experience for millions.

About FasterCapital

FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The LaunchUp program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.

Media Contact:

Rasha Almasri

rasha.almasri@fastercapital.com

+1 (512) 400-0256