Reevoy, a B2B cross-border trade startup, has raised $4 million in seed funding led by 9Unicorns and VCAT. Better Capital, Earlsfield Capital Partners, Kunal Shah, Anupam Mittal, Ketan Patel, and Hanumantha Kumar also participated in the round, the company announced on January 25.
The funds will be used to further develop Reevoy’s supply-chain technology and embedded finance capabilities.
Ankur Khetan, co-founder of Reevoy said, “In today’s world, where ordering a Rs 50 coffee on an app gives us hundreds of restaurants to choose from and shows us minute-by-minute visibility on the order progress – it is surprising that export orders worth millions are being managed the same way they were 50 years ago. Reevoy aims to turn this on its head, unlocking the India opportunity for global importers.”
Reevoy, founded by Khetan, Ishan Dadhich, and Mohit Agarwal, is a platform that assists importers in sourcing products from Indian exporters while also providing working capital to finance transactions.
Reevoy is also working to build tech-powered supply chains between India and the rest of the world for fashion and home décor by supercharging mid-sized audited Indian factories with technology and bringing them online with production management software. According to the company, Reevoy has also established an on-site team that manages and inspects production.
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The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
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