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Otipy, A Social Commerce Platform, Gets $10.2 Million From Sig

Jul 19, 2021over 4 years ago

Amount Raised

$10.2 Million

Mumbai

Description

Mumbai: Otipy, a social commerce platform for fresh produce, has raised $10.2 million (Rs 76 crore) in a Series A funding round led by SIG, which has backed Inshorts and Mobile Premier League in India.

Company Information

Company

Otipy

Location

Mumbai, Maharashtra, India

About

Founded in 2020, the company procures fresh produce from its network of farmers across the country and delivers it to consumers in less than 12 hours, the company claims. Otipy has 5,000 community leaders who, according to Khuarana, can make up to a lakh selling groceries on the platform.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech