Khatabook and MyDukaan settles the legal dispute
After two months of controversies and blame game, Khatabook-Growthpond (MyDukaan.io) has finally ended with both the companies mutually settling their legal dispute concerning the Dukaan app. Khatabook will acquire nominal equity in Growthpond’s Dukaan as a part of the settlement process whereas Growthpond will now be allowed to list its Dukaan app on the playstore.
In a joint statement, both have said, “We think that storefront apps are a very relevant solution for small businesses in India to continue doing business in the world with pandemic reality. With this matter now firmly behind us, Khatabook will focus on driving the adoption of the shopfront app, MyStore, by Khatabook. Growthpond will get Dukaan re-listed and focus on the app’s continued progress
About the market penetration of both the entities is concerned, Growthpond’s Dukaan app has onboarded 2.7 Mn merchants across India since July 2020. Whereas, Dukaan’s power stores have generated over 600,000 orders in the last three months, generating a total gross merchandise value of over INR 100 Cr. The company has raised $6 Mn seed funding from Matrix Partners India and Lightspeed India Partners, along with other investors.
However, the logos, description and functionalities of the apps are bordering on being identical.
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