Funding Alert

Kaarigar Mandi Secures Rs 1.75 Crore Seed Funding to Revolutionize B2B Footwear Market

• ByStartupStory     |    March 26, 2024

Kaarigar Mandi, a pioneering B2B footwear startup, has successfully secured a substantial seed funding of Rs 1.75 crore. The investment round was led by Kyt Ventures, with noteworthy participation from Upaya Social Ventures, IIMA Ventures, and IIM Calcutta Innovation Park. This funding injection marks a pivotal moment for Kaarigar Mandi as it gears up to redefine the dynamics of the bulk footwear market.

The freshly acquired capital is earmarked for strategic business development initiatives and the expansion of Kaarigar Mandi’s cutting-edge AI-driven technology infrastructure. With an ambitious vision in mind, Kaarigar Mandi aims to propel its growth trajectory, targeting a remarkable tenfold expansion over the next two years.

Co-founded by Ankit Kumar, Gagan Mukhi, and Hifza Afaq, Kaarigar Mandi prides itself on offering bespoke solutions tailored to meet the dynamic demands of bulk footwear buyers and fashion brands alike. Ankit Kumar, expressing his enthusiasm about the funding round, emphasized the pivotal role their platform plays in bridging the gap between traditional artisans and modern bulk buyers.

“Our platform is designed to bridge the gap between traditional artisans and modern bulk buyers,” remarked Ankit Kumar, Co-founder of Kaarigar Mandi. “With this funding, we aim to further strengthen our infrastructure and expand our reach, creating a thriving ecosystem for footwear businesses and fostering economic resilience.”

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