ShopKirana, a B2B e-commerce platform, has raised $38 million in its Series C round from new and existing investors. Major investors in this round include Oman India, Info Edge, and Sixth Sense Ventures, as well as Trifecta, Incubate Fund, Akatsuki, Ajanta LLP, Gunosy Capital, and others.
The new funds come nearly 30 months after the Indore-based company raised its last round of $10 million in August 2019.
According to regulatory filings, the company has approved the allotment of 44 equity shares and 42,404 Series C preference shares at an issue price of Rs 47,465.3 each in order to raise Rs 200.5 crore, or nearly $27 million.
According to regulatory filings, the company has approved the allotment of 44 equity shares and 42,404 Series C preference shares at an issue price of Rs 47,465.3 each in order to raise Rs 200.5 crore, or nearly $27 million.
Oman India led the round with a Rs 60.8 crore investment, followed by Info Edge and Sixth Sense Ventures with Rs 53.47 crore and Rs 53.37 crore, respectively. Ajanta LLP, 9Unicorns, NISA Family Trust, IF India, VSS Investco, and individuals such as Kunjal L Patel, Rajiv Ranjan Mishra, and Lashit Sanghvi contributed the remaining funds.
ShopKirana, which has been in business for seven years, connects retailers and brands directly through a mobile app, assisting them in placing orders, maintaining inventory, optimising delivery routes, and accepting payments. Aside from procurement assistance, the platform offers financial services such as banking and loan facilities.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
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.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
