VC Fund Investments
Rural supply chain enabler 1Bridge raises $2.5 M from C4D Partners, others
Bengaluru-based RubanBridge (1Bridge), a last-mile supply chain and distribution network focused on rural India, has raised USD 2.5 million in fresh funding led by Netherlands-based impact investor C4D Partners. The round also saw participation from new investors, including KAAJ Ventures, angel investors Prashanth Prakash (Founding Partner, Accel Partners); Puneet Jetli (Co-founder of Happiest Minds); and Aradhana D Chatterjee (a PE industry executive). Existing angel investor Prashanth Boccasam, a US-based serial tech-entrepreneur, also participated. C4D Partners and Boccasam also acquired an additional stake through a secondary transaction, providing an exit to a few early shareholders. 1Bridge plans to use the funds to deepen its reach as a supply chain and distribution network across another 10,000 villages by adding 10,000 more entrepreneurs. It also plans to roll out 500+ ‘1Bridge Experience Centres' at various Tehsil/Block towns, which will enable consumers to touch and feel aspirational products.
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