Inknibs Secures Pre-Seed Funding from Leading Funders to Expand Hyperlocal Marketplace for Books, Stationery, and Toys
- ByStartupStory | March 7, 2024
Inknibs, India’s largest hyperlocal marketplace catering to the pan India demand for books, stationery, and toys, is proud to announce the successful acquisition of pre-seed funding from a consortium of esteemed investors. The undisclosed funding will propel Inknibs towards further innovation and expansion within the thriving e-commerce landscape.
The pre-seed funding round of 72.5 lakh was led by prominent investors including Amity Technology Incubator, Industrial Finance Corporation of India (IFCI), JSSATE STEP Incubator, and distinguished angel investors Sakshi Aswal and Arcchit Agarwal.
The funding marks a significant milestone for Inknibs India as it gears up to revolutionize the way consumers access and purchase books, stationery, and toys, locally. With this investment, Inknibs India aims to enhance its platform, streamline operations, and strengthen its position in the burgeoning e-commerce market.
“We are excited to announce the successful completion of our pre-seed funding round,” said Mr. Divyanshu Solanki, Founder and CEO of Inknibs. “This investment underscores investors’ confidence in our vision to create a seamless and efficient marketplace for books, stationery, and toys. With this support, we are well-equipped to accelerate our growth and better serve the diverse needs of our customers.”
Inknibs has quickly emerged as a preferred destination for individuals seeking high-quality books, stationery supplies, and toys. Through its hyperlocal approach, the platform connects customers with local vendors, offering a curated selection of products tailored to their preferences.
The undisclosed funding round was led by prominent investors who recognize the immense potential of Inknibs India to disrupt the e-commerce landscape. The company plans to utilize the capital infusion to bolster its technology infrastructure, expand its product offerings, and scale its operations to meet growing demand.
“We are grateful for the support of our investors, whose belief in our mission fuels our determination to redefine the online shopping experience for books, stationery, and toys,” added Mr. Solanki. “This funding will enable us to innovate further and deliver exceptional value to our customers while empowering local businesses to thrive in an increasingly digital world.”
Inknibs India remains committed to fostering meaningful connections between consumers and local vendors while delivering unparalleled convenience and choice. The company looks forward to embarking on the next phase of its journey, driven by a shared commitment to excellence and customer satisfaction.
About Inknibs India:
Inknibs is the country’s largest hyperlocal marketplace for books, stationery, and toys, offering a diverse selection of products to meet the evolving needs of consumers. Through its innovative platform, Inknibs connects customers with local vendors, providing a seamless shopping experience and supporting community businesses. With a commitment to quality, convenience, and customer satisfaction, Inknibs is revolutionizing the way people discover and purchase essential items online. For more information, visit https://inknibs.in/
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