Rural expansion enabler for brands Xpand raises $1.5 M

Xpand, a new rural distribution focused platform promoted by Delhi-based Last Mile Channel Enhancement (LMCE), has raised USD 1.5 million at a valuation of approximately USD 10 million. The round was led by Akash Prakash (CEO, Amansa Capital) along with other professionals and HNIs, including Madhu Jayakumar, Dipinder Sandhu and Shagun Khandelwal. The two-month old Xpand is a B2B aggregator helping brands enhance their rural footprints. The company aims to use the funds to enhance the in-house tech capabilities and build a trained, tech-savvy, and efficient geo-local sales force.