Roehl Niรฑo Bautista ยท ยท 1 min read

This deck spun $30m funding for silktech firm in India

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ABOUT

India-based B2B startup ReshaMandi says itโ€™s a โ€œsuperappโ€ for everything silk by digitizing the industryโ€™s supply chain, which includes farmers, reelers, weavers, and retailers.

Founded in May 2020, the platform also has features powered by AI and internet of things for disease detection, cocoon grading, and advisory services.

The startup used this deck to secure its series A funding.

Fundraising journey

  • March 2021: US$1.7 million of seed funding from a round led by Omnivore and Strive Ventures, with participation from Axilor Ventures, an India-based fund for early-stage startups, and Supply Chain Labs, a supply chain accelerator program by Lumis Partners
  • October 2021: US$30 million of series A funding from a round led by Creation Investments, with participation from 9Unicorns, Venture Catalysts, Omnivore, Northern Arc, Alteria Capital, Innoven Capital, and Stride Ventures, as well as from Sandeep Singhal, co-founder and senior advisor of Nexus, and Brijesh Agarwal, founder of IndiaMart

How is the deck compelling?

  • ReshaMandiโ€™s deck is tidy and the color tones are used perfectly to reflect the companyโ€™s persona.
  • The deck begins by establishing the global market size and opportunity for silk and the opportunity before making the case for a stronger silk industry in India.
  • The company argues that its platform solves the โ€œtrustโ€ pain point experienced by the silk industryโ€™s players.
  • It details investments that ReshaMandi has received so far and shows how the platform is making a difference across the silk supply chain.
  • The deck also features the companyโ€™s leaders and some of the awards that it has received.

SOURCE

Deck: ReshaMandi

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Reshamandi says itโ€™s a superapp for everything silk in India, allowing B2B transactions among players in the industry.

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