your password has been reset successfully, Please login again.

B2B startup Lal10TTK bags fresh funding from Prestige chairman, former ITC execs

Impact investment firms Intellecap and Villgro Invent also participated in the round.
BY BEx Bureau
BusinessEx
Jul 26, 2018

Noida and Bhubaneshwar-based Lal10, which operates an online marketplace that connects artisans and bulk buyers, has raised an undisclosed amount in a pre-series A funding round from a clutch of investors, a top company executive told VCCircle.

The investors who participated in this round include TT Jagannathan, the chairman of TTK Prestige Group; Chand Das, former chief executive of stationery and education products at ITC; Akhilesh Krishnan, chief financial officer of Apollo Hospitals; and Suresh Kumar, former managing director of ITC Hotels, besides undisclosed US-based investors, the person mentioned above said.

Impact investment firms Intellecap and Villgro Invent also participated in the round.

Bhagwandas Retail Pvt. Ltd, which operates Lal10, will use the funds to develop new designs, hire resources and for working capital requirements, co-founder and CEO Maneet Gohil told VCCircle.

A good part of the funds will be utilised in incorporating technology to source products in real time to bulk buyers across the globe directly from our artisan network, Gohil added.

The startup, which is part of San-Francisco based GSBI Accelerators 2018 cohort, is also looking to raise its Series A round within the next few months.

We have commitments from existing investors and potential US-based investors for the second round of investments, Gohil said.

Please add your Comment
SIMILAR News
June 19, 2019
IT firm, Cognizant has proclaimed to have acquired Zenith Technologies for an undisclosed sum. ...More
By Jaspreet Kaur
June 19, 2019
The food delivery company, Swiggy is in discussions to raise nearly INR 1,393 Crore for the US-based ...More
By Jaspreet Kaur
June 18, 2019
Kredily helps to digitise businesses and automate HR as well as payroll-related duties. ...More
By Jaspreet Kaur
June 18, 2019
Tech Mahindra, a subsidiary of Mahindra Group, is buying Canadian IT consultancy, Objectwise for rou ...More
By Jaspreet Kaur
June 17, 2019
The tech giant, Amazon is in talks with the Indian supply chain firm, NinjaCart to make a huge inves ...More
By Jaspreet Kaur
June 17, 2019
Ascendas Property Fund Trustee manages Ascendas trust and had signed a concord with Nalanda Shelter, ...More
By Jaspreet Kaur
June 14, 2019
Since April 2017, Nikkei, as well as NewsRise, have been collectively rendering English-language new ...More
By Jaspreet Kaur
June 14, 2019
The acquisition of 30 per cent shares would prompt an open offer from Total SA to the public stakeho ...More
By Jaspreet Kaur
June 13, 2019
After the funding round, the valuation of Sarva Chain has reached nearly $20 million. ...More
By Jaspreet Kaur
June 13, 2019
The Bahrain-based firm, Investcorp is raising money through its real-estate fund, which it had start ...More
By Jaspreet Kaur
June 11, 2019
The multinational conglomerate company, Softbank Group has more than 46 per cent shareholding in OYO ...More
By Jaspreet Kaur
June 11, 2019
By attaining a second close, the micro venture capital fund can begin investing in the companies and ...More
By Jaspreet Kaur