Salebhai.com gets Rs. 10 crore funding from Brand capital

Ahmedabad-based curated ecommerce commercial center for desserts, dry leafy foods, Salebhai.com, has brought Rs 10 crore up in subsidizing from Brand Capital, the organization declared on Tuesday.

New Delhi - August 16th, 2016. RedNewswire/-

The venture is the second exchange by Brand Capital, which is the speculation arm of the Times Group, likewise the distributer of this daily paper, throughout the last couple of weeks. A week ago, Brand Capital put $1.5 million in shared lending venture Faircent.com.

Launched in September 2015 by former ICICI Lombard official Vishwa Vijay Singh, Purba Kalita and Pramod Rao, Salebhai portrays itself as a one-stop ecommerce commercial center for local items, a rundown that incorporates, desserts, namkeen, chocolates, pastry kitchen things, flavors, dry organic products, drinks, and pickles.

It also offers different items, for example, handiworks, works of art, puja things, handloom products, and natural and wellbeing things.

"We are extremely delighted to have secured such significant funding from Brand Capital. I'm confident that our partnership with this esteemed establishment will help us expand our footprint and acquire more customers in India and abroad," said Singh, co-founder of Salebhai.

The startup cases to source its items from more than 100 urban areas and 250 merchants the nation over.

The round comes just about six months after the organization raised funds from its own clients, including various high net-worth people, to store its development. In February early this year,around 12 speculators had pumped in the middle of Rs 5 lakh and Rs 1 crore in the endeavor.

Speculators in that round, included Hungama VP Virendra Shekhawat, Deepak Chokhani, chief Equity Capital Markets at Malaysian bank CIMB, and Yogesh Patel, the promoter of Australian endeavor Instani.

Source:PTI

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