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Silk B2B Startup Reshamandi Raises $30 Million In Funding

Oct 12, 2021•almost 4 years ago

Amount Raised

$30 Million

Bengaluru

Description

ReshaMandi, a business-to-business marketplace focused on silk products, has raised $30 million, or about Rs 225 crore, in Series A funding round led by Creation Investments.

Company Information

Company

Resha Mandi

Location

Bengaluru, Karnataka, India

About

The equity plus debt round saw participation from Omnivore, which led the seed round of ReshaMandi, 9 Unicorns, Venture Catalysts, Sandeep Singhal of Nexus, and IndiaMART founder Brijesh Agarwal, among others, the Bengaluru-based company said in a release on Monday. Founded in May 2020 by Tiwari, CTO Saurabh Agarwal, and CBO Utkarsh Apoorva, ReshaMandi said its revenues grew 30x in the first year of operation.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech