The startup also saw participation from angel investors including Haresh Chawla (founding CEO Network18, Viacom18), Ryan Hoover (founder, Weekend Fund and Product Hunt), Jitendra Gupta (founder, Jupiter), Shashank Kumar (founder, Razorpay), Sandeep Tandon (founder, Freecharge), Prabhkiran Singh (founder, Bewakoof.com) and Kunal Shah (founder, Cred).
Dukaan will use the funds to expand its geographic footprint and enhance its product suite to help merchants widen their digital presence.
Founded this year by Suumit Shah, Subhash Choudhary, Kaustub Pandey and Anurag Meena, Dukaan helps small retailers to set up an online store within 30 seconds. The platform claims to have enabled 2.7 million merchants across the country to go online.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from October 14-19, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Dukaan||Bengaluru||6 million||Seed||Matrix Partners India, Lightspeed India Partners||Haresh Chawla, Ryan Hoover, Jitendra Gupta, Shashank Kumar, Sandeep Tandon, Prabhkiran Singh, Kunal Shah||Software||E-commerce|
|Genius Teacher||Mumbai||2 million||Angel||Abhijit Bose, Kunal Shah, Sandeep Tandon, Dhruv Agarwal, Justin Sway, Dan Lapus, Nimish Kampani, Gaurav Gupta, Bikram Bedi, Farooq Adam||Whiteboard Capital, VKG Ventures LLP||Education/Training||EdTech|
|Ultraviolette Automotive||Bengaluru||-||Series B||Kumar Vembu, CEO of GoFrugal Technologies||-||Automobiles Other Vehicles & Parts||Electric/Hybrid Vehicles|
|Zomato||Gurugram||52 million||Series J||Kora Investments||-||Food||FoodTech|
|Avataar.me||Bengaluru||7 million||Series A||Sequoia Capital India||Software||AR & VR|
|Krimanshi Feeds||Jodhpur||682,700 (reported)||-||Rajasthan Venture Capital Fund||-||Biotechnology||Biotech|