B2B cross border manufacturing and commerce startup Nexprt raises $5 million in seed round
- ByTejika Bajaj | December 17, 2021
B2B cross border manufacturing and commerce startup Nexprt recently announced that it has raised $5 million in its seed round of funding led by Sequoia Capital India and Lightspeed. The round also saw participation from early backers, Titan Capital and other notable angel investors.
As per the statements given by the company, Nexprt is likely to utilize the recently infused capital to scale the existing business module of the startup as well as launch new business verticals in the manufacturing domain.
Expressing his views on the recent round of investment, the Principal at Sequoia India, Shraeyansh Thakur said, “Digitisation of the exports ecosystem in India is a massive opportunity. As the industry develops, we believe a larger share of global exports in several categories will move to this region. When we met the Nexprt team, we were very impressed by the nuanced understanding and insights they had in this space, making them well-positioned to capture what we believe is going to be a huge trend in the next decade, and Sequoia Capital India is excited to partner with them right at the outset of this journey.”
Founded by Harsha Vardhan Kalipatnapu, Manav Garg, and Kunal Jain in 2020, Nexprt are building a full-stack vertical commerce business to standardise manufacturing. It is creating category-specific solutions, beginning with the home décor category and expanding to other business verticals.
Follow Startup Story
Related Posts
