Village commerce startup 1Bridge raises $2.5M led by C4D Partners
- ByAyushi Ray | August 31, 2021
Village commerce startup 1Bridge raises $2.5M led by C4D Partners. This funding round was led by The Netherlands-based impact investor C4D Partners. The round also included participation from new investors, including KAAJ Ventures, angel investors like Prashanth Prakash (Founding Partner, Accel Partners); Puneet Jetli (Co-founder of Happiest Minds); and Aradhana D Chatterjee — a seasoned PE/VC executive. Existing angel investor Prashanth Boccasam, a US-based serial tech-entrepreneur and investor, also participated in this round.C4D Partners and Prashanth Boccasam also acquired an additional stake through a secondary transaction, providing an exit to a few early shareholders.
With this round of funding, 1Bridge, over the next 18 months, plans to deepen its reach as a supply chain and distribution network across another 10,000 villages by adding 10,000 more entrepreneurs. It also plans to roll out 500+ ‘1Bridge Experience Centres’ at various Tehsil/Block towns, which will enable consumers to touch and feel aspirational products. Moreover, it wants to expand its product and service offerings through strategic partnerships with consumer durables brands and fintech and credit companies who are looking to expand in rural hinterlands, and strengthen its technology and data platform for ‘1Bridge Advisors’ or local micro-entrepreneurs to offer rural outreach and assisted commerce services.
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