Angel Investments
FMCG logistics software co Dropshop raises Rs.9-Cr from IPV, Axilor Ventures, others
Bengaluru-based FMCG distribution platform Dropshop has raised INR 9.3 crore in a pre-Series A round led by Inflection Point Ventures (IPV). Existing investors Axilor Ventures and the Chennai Angels also participated in the round, with 42.vc joining the round via AngelList. The startup is a full-stack platform for FMCG companies to digitise their last-mile distribution such as sales, logistics and credit to retailers. The funds will be used for strengthening the product and scaling up of operations for handling more FMCG brands and entering new markets such as Chennai and Hyderabad.
From the Venture Intelligence PE-VC Deal Database: In March 2020, Dropshop had raised INR 5 Cr from Axilor Ventures, others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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