Logistics startup Delhivery has acquired Primaseller, a SaaS startup focused on omnichannel retailers. In another development, Inflexor Ventures has launched a DeepTech Fellowship programme.
Delhivery acquires Primaseller
Gurugram-headquartered logistics startup Delhivery has acquired Primaseller, a SaaS startup focused on omnichannel retailers, the company announced on Wednesday. Financial details of the deal were not disclosed.
“This development will help us bolster our technical capabilities and stay ahead of the curve, given that technology has and continues to be our core business differentiator. It further helps us strengthen our long-term vision of becoming the operating system for commerce in India,” said Kapil Bharati, Co-founder and Chief Technology Office at Delhivery.
Primaseller allows small businesses to efficiently manage inventory and orders across channels – be it online or offline and multiple locations, seamlessly. Started by Mohammed Ali and Vivek Subramanian, Primaseller is based out of Bangalore.
Inflexor launches fellowship programme
Venture Capital firm Inflexor Ventures has launched a DeepTech Fellowship programme under which it will provide seed to series A funding to the startups from its $100-million fund.
To further strengthen the programme, the venture capital firm has also joined hands with 100X.VC – a sector-agnostic, first cheque micro VC fund that invests via iSAFE notes in pre-seed and seed startups.
As part of the partnership, 100X.VC’s deep tech portfolio companies will receive mentorship and funding access from Inflexor’s network. Inflexor’s team will also do specialised workshops, experience sharing, and one-on-one mentoring.