Checkers India Technology Pvt. Ltd has recently garnered INR 7.6 crore in the latest funding round.
Checkers India Technology Pvt. Ltd, which operates business-to-business platform Excess2Sell, has raised $1 million (INR 7.6 crore at current exchange rates) in funding, VC Circle reported citing the companys official statement.
The company has obtained money from Gautham Madhavan, who is an angel investor and a director at Florintree Advisors. According to this business deal, he will be part of the companys board of directors.
Besides Excess2sell, Madhavan has made infusions in companies working in diverse segments like media and entertainment, merchant banking, realty estate, and non-banking finance.
The Mumbai-based company says that it concentrates on excess inventory liquidation. Its platform renders a smart business assistant for virtual aid sellers as well as buyers. It was established in 2016 by Rajan Sharma, Anant Chaturvedi, and Navinder Chauhan.
It will use the capital to enhance its technological infrastructure, as well as expand its geographical reach and the number and variety of B2B buyers and sellers registered on its platform, Excess2sell said in its official statement.
The company has a presence in more than 50 cities in India. It decides to expand its nexus to over 100 locations in the offing.