Silk B2B Startup Reshamandi Raises $30 Million In Funding
10/12/21, 12:30 AM
Location
bengaluruMoney raised
$30 million
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 Info
Location
bengaluru, karnataka, india
Additional Info
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.