UpScalio Discloses Fundraise Of $42.5M As Part Of Series A Funding
- ByAyushi Ray | August 17, 2021
Ecommerce brand investor and operator UpScalio discloses fundraise of $42.5M as part of Series A funding. The startup partners with promising digital-first brands that sell on ecommerce marketplaces like Amazon, Flipkart, Myntra and Nykaa, and helps profitably scale them 5-10x. The startup now aims to invest in and grow ecommerce brands. The funding round was led by Presight Capital and an undisclosed global hedge fund, with participation from Heliad Equity Partners, MPGI, 468 Capital, Whiteboard Capital, and saw capital commitments from a consortium of lenders including freshly-minted unicorn OfBusiness, Innoven Capital, and Alteria Capital. Gautam Kshatriya, CEO and Co-founder of UpScalio said, “We feel privileged that so many leading investors and advisors have chosen to invest in us. We are also humbled by the talented ecommerce entrepreneurs that have built resilient businesses in the face of the pandemic and are grateful for their trust in partnering with us to scale their business. We take this responsibility very seriously.”
Fabian Hansen, General Partner at Presight Capital, also commented on this and said, “Presight has been extremely impressed by the speed and quality of UpScalio’s execution. They’ve assembled a world-class team, so it’s no surprise that they’ve already been able to partner with so many high-quality ecommerce entrepreneurs. We are thrilled to be part of their journey.” Upscalio helps in unlocking wealth for marketplace entrepreneurs, providing a full exit over time. Founded by former McKinsey & Company consultant Gautam, former Bain & Company consultant Saaim Khan, and former Disney Hotstar and Purplle marketing and growth executive Nitin Agarwal, Upscalio has built a team of over 50 specialists across functions with experience scaling successful ecommerce companies in India.
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