VC Fund Investments
B2B platform for refurbished smartphones MobiGarage raises funds from SOSV, others
New Delhi-based MobiGarage, a B2B e-commerce platform for refurbished smartphones, has raised pre-Series A funding led by US venture capital fund SOSV, with participation from Artesian (Australia Based VC), Inflection Point Ventures, MobAvenue (Singapore-based), AppyHigh Technology LLP, LetsVenture (Led by Veda.vc), and prominent HNIs include Nikhil Aggarwal, Mrunal Jhaveri, Priyanka Chawla, Nitin Uppal, Rishabh Bhatia, Soarabh Gupta and Amit Anand. The funding will help the company scale operations in tier-II cities and rural markets, strengthen the leadership team, build proprietary technologies and analytic engines and launch a focused D2C brand for rural India.
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