Private Equity

Angel Investments

D2C tobacco brand Hash raises $3.5 M

Inc42  

Delhi-based D2C tobacco brand Hash has raised close to USD 3.5 million (INR 25 crore) in an angel round led by Amrac Investment Trust, which also saw participation by Kunal Shah (Founder, Cred, ex-Freecharge), Jitendra Gupta (Founder and CEO, Jupiter), Ashneer Grover (Co-Founder and Managing Director, BharatPe), Ankur Jain (Founder and CEO, Bira91), Anshoo Sharma (Co-Founder and CEO, MagicPin) and Suhail Sameer (Chief Executive Officer, BharatPe). Founded by Shwetank Jain, Hash aims to support unorganised small retailers through mobile-first tech products. It claims to be building disruptive technology-immersed products that will not only help digitize the businesses of paanwalas and small shop owners, but also build a more efficient supply chain and enable credit access to this segment.