B2B supply chain aggregator Xpand raises $1.5 million in pre-series A round of funding
LCME platform Xpand has raised $1.5 million in its pre-series A round of funding at a valuation of $10 million. The round was led by Akash Prakash (CEO of Amansa Capital) along with leading investors and HNIs like Madhu Jayakumar, Dipinder Sandhu and Shagun Khandelwal.
The company plans to utilize the funds to enhance its in-house tech capabilities and build a trained, tech-savvy and efficient geo-local sales force.
Commenting about the funding round, the Founder and CEO of Xpand, Sanjay Kaul stated, “We have already made substantial investment in the pre-incorporation stage towards technology & market prioritization. The raised funds will help us further our goal of “speed to scale” and give thrust to our tech endeavours. We are delighted to have received this support from marquee investors like Mr. Akash Prakash at the early stage.”
Founded in 2021 by Sanjay Kaul as well as industry veterans Sanjay Panigrahi, Sankalp Potbahre, Pradeep Kaul and Nidhi Singh, Xpand is a two month operational startup. It is a B2B aggregator which enables brands to enhance their rural footprints.
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