Let’s barter India has raised an undisclosed amount of seed funding from Scale Ventures

Let’s barter India has raised an undisclosed amount of seed funding from Scale Ventures

Let’s Barter is a platform for customer to customer exchanges for used goods and barter of services

New Delhi – Sept 26, 2016. RedNewswire/-

Lets Barter India is a social community group for peer to peer second goods exchange on Facebook and has recently launched a website. The platform was formed in October 2015 as a Facebook group and its app for Android and iOS was launched last month.

Its facebook group has more than 183K members. It is now the world’s largest community for bartering on Facebook.

Let’s Barter India was was founded by Pooja Bhayana and Sahil Dhingra. The company has raised an undisclosed angel funding from Scale Ventures, and will be used to reach out to new markets with the help of its app, use technologies to spread the concept of barter and increase the growth rate of the company.

Let’s barter platform only facilitates the connection between peers who want to barter goods. It does not involve in the quality check or any kind of transactions. It aims to create more avenues for used products rather than selling them at a low value.

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Pooja Bhayana, Co-Founder, Let’s Barter India said,…

“We are ecstatic about our association with Scale Ventures. The funds will be utilised for scaling up across different cities, educating the market about tech enabled bartering and building a strong backbone team to fuel Let’s Barter. From a strategy point of view, we have so much to learn from amazing leaders such as Rahul Narvekar and Nilesh Rathi.”

Scale Ventures has been founded by Nilesh Rathi of the Rathi Group of Companies and Rahul Narvekar, former CEO of IndianRoots.

Rahul Narvekar, Co-Founder, Scale Ventures said,…

“ Let’s Barter is scalable and has potential in India. We feel that the start-up is niche but will connect with the youth of the nation as it follows the unique module of barter. We will suggest Let’s Barter ideas to scale their business by indulging in meaningful tie-ups with e-commerce portals, restaurants and dating sites.”

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