Vilcart raises Rs. 15 crore through Nabventures Funds
- ByStartupStory | November 3, 2021
The rural tech startup Vilcart Solutions has raised Rs. 15 crores as a part of its venture capital which was led by NABARD (National Bank for Agricultural and Rural Development) supported Nabventures Funds. The funding round also saw eager participation from existing investors Prashant Prakash of Accel Partners, SJ Ashok and Nagaraj R.
The investment in Vilcart is the eight consecutive investment made by Nabventures Funds since its inception in August 2020. The fund has invested Rs. 106 crore of the Rs. 375 crore it has raised.
Vilcart Solutions is a rural economy focused technology platform which aims to bridge the gap between rural kiranas and the consumer brands/manufacturers by offering an online platform for exchange of products. The company also provides sourcing, branding, logistics and marketing support to rural kiranas as well as brands.
NabVentures’ Ankit Bhatnagar commented about the capital infusion saying, “The rural distribution channel of consumer goods is offline, fragmented and broken at multiple levels. The micro-distribution platform of Vilcart helps increase the reach of both urban and rural brands and products to the large base of rural consumers.”
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