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Village Commerce Startup 1Bridge Raises $2.5 Million Funding
09/03/21, 12:21 PM
Money raised
$2.5 million
Round Type
seed
Village-tech enterprise RubanBridge (1Bridge), a last-mile supply chain and distribution network focussed on the villages in rural India on Wednesday announced that it has raised $2.5 million in a fresh round of funding.
Company Info
Additional Info
The funding will also help strengthen its technology and data platform to make it more convenient for their ‘1Bridge Advisors’ or local micro-entrepreneurs to offer rural outreach and assisted commerce services, the company said in a statement. To date, 1Bridge has onboarded over 10,000 entrepreneurs, fulfilled 35 million transactions for rural consumers, and served 1.5 million village consumers directly, the company said. Launched in May 2016, 1Bridge is a village commerce platform that provides a wide range of aspirational products and digital services at the doorsteps of village consumers.
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