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Dukaan raises $11mn in pre-series A round
September 07, 2021
Dukaan, an e-commerce enablement platform, has secured $11 million in its pre-Series A round drove by 640 Oxford Ventures. The fresh funds have come close to 12 months after a $6 million seed round for the Bengaluru-based startup.
Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India have likewise taken an interest alongside Venture Catalyst and new venture firms HOF Capital, Old Well Ventures, LetsVenture, Veda.VC, AppyHigh, 9Unicorns and number of angels including Oyo’s Ritesh Agarwal, Carl Pei, Co-author and the CEO of Nothing.
The new investment will assist the organization with extending its tasks, construct the group and develop its paying merchant base, said Dukaan in an official statement.
It’s significant that Dukaan was in late-stage talks with Tiger Global for a bigger round, in any case, the talks eventually fell through for some unknown reasons.
Established in June 2020 by Suumit Shah and Subhash Choudhary, Dukaan is a no-code platform that makes it simpler for anybody to launch an e-commerce site and accept digital wallets easily.
Since its launch, Dukaan claims to have facilitated over 1.5 million transactions.
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