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Dropshop Raises $1.3 Million In Funding Round Led By Inflection Point

Dropshop Raises $1.3 Million In Funding Round Led By Inflection Point

06/13/21, 2:17 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmumbai
Money raised
$1.3 million
Round Type
seed
Mumbai: Dropshop, a distribution platform for FMCG brands, has raised $1.3 million (Rs 9.3 crore) in a pre-Series A funding round led by early-stage venture capital fund Inflection Point Ventures. Existing investors Axilor Ventures and The Chennai Angels also participated in the round. 42.vc will also be joining the round via AngelList, the company said in a release.

Company Info

Company
Dropshop
Location
mumbai, maharashtra, india
Additional Info
42.vc will also be joining the round via AngelList, the company said in a release. Founded in 2019, Dropshop is a platform for consumer goods makers to digitise last-mile distribution—sales, logistics and credit—to retailers.