VC Fund Investments
Electronic components marketplace Electrade gets seed funding led by DeVC
Electrade , a Delhi-based marketplace for electronics components, has raised seed funding led by early-stage venture capital firm ?DeVC? with participation from other investors such as Amit Lakhotia, Pawan Gupta, and Arjun Kapoor. The proceeds will be used to enhance its AI-driven SaaS solutions for customers and vendors, for sales and marketing efforts, and for hiring talent.Founded in 2019 by Rishikesh Ranjan, Electrade offers a streamlined supply chain network for electronics components for product manufacturers, standardising both imported and domestically manufactured parts. The company aims to achieve a target of USD 10 million in annual revenue within the next one to two years.
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