VC Fund Investments
Online retail platform Dukaan raises $11-M from 640 Oxford Ventures, Snow Leopard, others
Mumbai-based Dukaan, a retail platform that helps entrepreneurs to set up online stores, has raised USD 11 million (about INR 80.3 crore) led by 640 Oxford Ventures. The pre-series A round also saw participation from existing investors Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India, as well as new firms – Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture and 9Unicorns. Many angels also participated in the round, including OYO's Ritesh Agarwal and Nothing co-founder Carl Pei. The post-money valuation of the company after this round would be USD 71 million. The company has over 3.5 million sellers, who have opened their stores using the Dukaan platform and 70% of these stores are from beyond the top six cities. It will use the latest capital infusion to aggressively expand its operations while building its team of highly skilled designers and developers.
From the Venture Intelligence PE-VC Deal Database: In Oct-20, Dukaan raised $6-M from Sprout Venture Partners, Matrix Partners India, Lightspeed Ventures and others.
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