Private Equity

Angel Investments

B2B marketplace for heavy equipment YantraLive raises $1-M from GrowthStory, others

My Big Plunge  

Bengaluru-based YantraLive, a B2B platform for heavy equipment and parts, has raised USD 1 million in a seed round from GrowthStory and other angel investors including Bigbasket's Vipul Parekh. The startup's existing investors also participated in the round. YantraLive will use the capital raised to upgrade its technology platform, launch new product categories as it aims to enhance its market penetration. The startup caters to infrastructure firms, fleet owners and servicing workshops across the country. YantraLive was founded in April 2018 by a group of IIM and NIT alumni. Backed by serial entrepreneurs Ravi Anand Rao and Umesh Sangurmath, the startup claims to have serviced over 1,000 customers and delivered more than 10,000 SKUs. The startup is currently registering an annualized run rate of INR 60 crore in revenue.