Photo credit: Pixabay.
Produce, art, and gifts – oh, my! Meanwhile, a travel startup bags millions of dollars in its series A round.
Bharat Bazaar
Bharat Bazaar’s founders – (from left) Kedar Gokhale and Saurabh Jain. Photo credit: Bharat Bazaar.
Mumbai-based online fruits and vegetables marketplace Bharat Bazaar has secured seed funding from BeeNext, Global Education Services chairman and Aarin Capital’s Mohandas Pai, and Freecharge founders Kunal Shah and Sandeep Tandon.
Snapdeal’s co-founders Rohit Bansal and Kunal Bahl, Shaadi founder Anupam Mittal, InMobi founder Amit Gupta, and Tracxn Labs also participated, among others.
The funding will be used to increase team size and expand into other Indian cities. The company’s goal is to hit 50,000 active users by the end of this year.
Established in July 2015 by IIT-Bombay engineers Saurabh Jain and Kedar Gokhale, Bharat Bazaar (formerly Truce-True Price) operates a mobile app that helps businesses buy produce. It partners with farmers, local salespeople, wholesalers, bulk buyers, food processing industries, and exporters. It aims to cut out the middlemen involved in fresh produce purchases.
The startup engages buyers in six different Indian states.
World Art Community
Shobhit Arora, founder and CEO of World Art Community. Photo credit: World Art Community.
World Art Community, a Gurgaon-based arts and crafts marketplace, has raised US$200,000 in its series A round of funding from existing investors, among others.
Entrepreneur and angel investor Viraj Tyagi and an unnamed individual invested US$200,000 seed funding into the startup in May last year.
The startup will put the money toward online automation and expanding to new cities inside and outside India.
Giftxoxo
Mystifly
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