Funding Alert

Bengaluru-Based OneCode Raises Funding $5M Led By Sequoia’s Surge And Nexus Venture Partners

• BySheetal Sidhu     |    July 15, 2021

OneCode raises funding $5M led by Sequoia’s Surge and Nexus Venture Partners, Bengaluru-based platform announced on Thursday. The round also participation from  WaterBridge Ventures. The startup’s mission is to digitise 50 million sales agents across India, and bridge the gap between brands and potential buyers who may need in-person interactions and physical touch points before committing to a purchase.The funding of OneCode is also supported by angel investors Aakrit Vaish (Haptik), Amrish Rau (Pine Labs), Anand Chandrasekaran, Arjun Vaidya, Ashish Dave (Mirae Asset), Cloud Capital, Gaurav Munjal (Unacademy), Harshil Mathur (Razorpay), Jitendra Gupta (Jupiter Money), Kunal Shah, Lalit Keshre (Groww), Miten Sampat, Pravin Jadhav (Raise Financial Services), Rahul Mathur (Bimape), Sandeep Srinivas (Redcarpet), Sujeeth Kumar (Udaan), Sweta Rau, and Vivek Ananda (Bounce).

Manish Shara, Co-founder of OneCode said, “OneCode helps to provide brands with an outsourced sales army, which empowers people in Tier-II and Tier-III cities to become sales agents with a steady source of income. Even during these tough times, it’s heartening to see how we can still provide our sales agents with livelihood from the comfort of their own homes.”

“We believe that India is a unique market where you can create a lot of value by empowering distribution partners. Manish and Yash are solving a large problem for the 50 million agents and financial services institutions, and we are very excited to back the OneCode team,” said Pratik Poddar, Principal, Nexus Venture Partners regarding the investment.

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