SaaS, B2B portal 6Degree raises funding of $1M from SucSEED Indovation Fund, others
- ByStartupStory | May 5, 2021
SaaS, B2B portal 6Degree owned and operated by Protinus Fashion Networking Pvt Ltd raises funding of $1 million from SucSEED Indovation Fund, Keiretsu Forum, SucSEED Angel Network, and AngelBay as part of a run-up to a Series A round.
6Degree will use these raised funding to ramp up operations for its flagship product “Honeycomb,” a SaaS, B2B portal catering to the fashion and lifestyle sector.
“Our experience over the past year has been rewarding with over 300 percent growth in revenue to reach Rs 13 crore in FY 2020-21, and over 600 fashion and lifestyle brands growing with Honeycomb,” Nikhil Hegde, Co-founder of 6Degree, said in regard to boosting up operations for its flagship product.
Mumbai-based 6Degree, Started in 2015 by Nikhil Hegde and Amit Bhardwaj, 6Degree caters to the fashion and lifestyle sector and has a fashion network with over 15,000 professionals. The startup has long-standing partnerships with over 100 multi-brand stores and leading fashion platforms, including Lakme Fashion Week and Fashion Design Council of India.
“We have known the founding team since 2020 when we had invested from SucSEED Angel Network, and have seen them exceed their targets even in a crisis. Our investors have also helped them on the product roadmap.” Vikrant Varshney, Co-founder and Managing Partner, SucSEED Indovation Fund, said.
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