Rural Tech Startup Hesa Raises Funding $2M Led By Venture Catalysts And 9Unicorns
- ByStartupStory | June 30, 2021
Rural tech startup Hesa, offering a unified social, digital, and physical commerce platform announced that it has raised $2 million in a seed round led by Manish Modi of Mastermind Capital at Venture Catalysts (VCats) along with Accelerator Fund, 9 Unicorns. The startup, Co-founded by Vamsi Udayagiri and Hema Nandiraju in 2019, Hesa allows local brands to come together and promotes unity. Complemented by the on-ground network on Village Level Entrepreneurs, Hesa’s robust tech-led platform empowers businesses to reach, showcase, demonstrate, convince, and transact with their customer base of more than 850 million across all remote and rural regions in the country.
Vamsi Udayagiri, Founder and CEO, Hesa, stated, “The entire fund-raising experience has been a phenomenal journey in itself. I have met many amazing people, learnt from every interaction, and grown so much along the way. It is a great validation that Hesa’s model resonates with so many.
Rural tech startup, Hesa has achieved gross revenue of $ 4 million till now with a 15 percent average monthly growth and a 65 percent retention rate. In February 2021, Hesa got featured in the Top 5 Startups amongst 1000+ startups in India and five other countries at the Infopreneurs Startup Contest. In March 2021, Hesa was considered as one of the top two startups among more than 200 most promising Indian startups at the pan-India fundraising event, elevate 2021, hosted by IIT Madras.
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