Indian angel investors including Slideshare’s Amit Ranjan, former Flipkart CTO Mekin Maheshwari, Praveen Gandhi of Seedfund also participated besides Beyond Capital, Pegasus Finvest, Upaya Ventures, Angellist Collective, and Gemba Capital, it said in a statement.
“We will utilise the funds to create a strong technology product to achieve supply efficiency and focus on more international B2B retailers. We will digitise 10,000 artisans in 2020,” founder Maneet Gohil said.
Lal10, which was founded by Gohil, Sanchit Govil and Albin Jose in 2016, helps Indian artisans and SMEs reach out to global retailers. The startup claims to have over 1,500 artisans registered on its platform.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India for March 9-March 15.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Lal10||Noida||1.1 million||Pre-Series A||Sorenson Impact from Utah||Amit Ranjan, Mekin Maheshwari, Praveen Gandhi, Beyond Capital, Pegasus Finvest, Upaya Ventures, Angellist Collective, Gemba Capital||E-Commerce|
|OM Bhakti||Bengaluru||-||Seed||Venture Catalysts||-||Consumer Goods|
|Anaxee Digital Runners||Indore||-||-||Orios Venture Partners||LetsVenture, the Keiretsu Forum, GAIN, Swan Angel Network||Technology|
|CreditAccess Grameen Ltd||Bengaluru||2.3 million||Debt||WaterEquity||-||Financial Services|
|Spectacom Global Pvt Ltd||Gurugram||-||-||Airtel||-||Health/Fitness|
|MultiLiving||Mumbai||6 million||-||Lodha Ventures||-||RealtyTech|
|FamPay||Bengaluru||4.7 million||Seed||Y Combinator, Venture Highway, Sequoia India, Global Founders Capital||Kevin Lin, Vladimir Tenev, Kunal Shah, Amrish Rau||FinTech|