Fashion and gifts marketplace Streetz Hyperlocal raises $1.1 M
Ahmedabad-headquartered high-end fashion and gifts marketplace Streetz Hyperlocal is raising USD 1.1 million in a seed round at a valuation of USD 5.88 million. It will primarily use this capital to expand operations to Delhi-NCR and move products in-house. The company claims to have acquired 1,400 customers within a month of launch, delivering over 2,000 orders. The company earlier raised INR 1 crore at a valuation of USD 2 million in a pre-seed round.
Want to receive such news items in your inbox? Click Here to sign up for a trial.