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Msme Focussed Startup Lal10 Raises $5.5 Million In Funding Led By Yuj Ventures, Others

Jul 19, 2022•almost 3 years ago

Amount Raised

$5.5 Million

IndiaSoftware

Description

Lal10, a wholesale cross-border marketplace for Indian artisans to sell their goods, has raised $5.5 million in its pre-Series A debt and equity round led by Yuj Ventures (Xander Group) and Beyond Capital Ventures.

Company Information

Company

Lal10

Location

India

About

The company said it will use the capital to expand across the United States, Japan and the Middle East and to expand its tech-based supply chain solutions to buyers and technology innovations for micro, small and medium enterprises (MSMEs).“Looking at the potential of the MSME industry The company raised its seed round in March 2020 from US-based impact investment platform Sorenson Impact and a few angel investors. StoriesFounded in 2017 by Maneet Gohil, Sanchit Govil, and Albin Jose, Lal10 is a tech-enabled full-stack platform for craft-based MSMEs with over 2,200 craft MSMEs using the application to digitize their inventories for global wholesale and become skilled with contemporary design trends as well as source raw materials directly from factories.