VC Fund Investments
Distribution platform for financial products OneCode raises $13-M led by General Catalyst
OneCode, a Bengaluru-headquartered platform that provides on-ground resellers to financial firms, has raised USD 13 million (INR 100 crore) as a part of its latest round of funding led by General Catalyst. Existing investors Sequoia Capital India Surge, Nexus Venture Partners and Waterbridge Ventures participated. Angel investors Vidit Aatrey and Sanjeev Barnwal, co-founders, Meesho; Madhusudanan R, founder of M2P; Vikas Choudhary, president, Reliance Jio; DSP Family Office, and Reddy Futures Fund also participated. The company will use the fresh capital to hire across functions and accelerate its product and technology development. It will also expand presence to 100 more cities and will increase the size of its agent network. OneCode connects digital-first brands with relevant sellers to sell their products and services to trust deficit, less tech savvy users.
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