Dukaan, a Bengaluru, India-based platform for merchants with zero programming skills to set up their e-commerce site, raised $11 million in pre-Series A funding round led by 640 Oxford Ventures.
Snow Leopard Ventures, Lightspeed Partners, Matrix Partners India, Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns, and angels Ritesh Agarwal, and Carl Pei also participated in the round.
The company intends to use the funds to expand its business reach and technology efforts.
Company: Growthpond Technologies Private Limited
Round: pre-Series A
Funding Month: September 2021
Lead Investors: 640 Oxford Ventures
Additional Investors: Snow Leopard Ventures, Lightspeed Partners, Matrix Partners India, Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns and angels Ritesh Agarwal, and Carl Pei
Company Website: https://mydukaan.io/
Software Category: DIY/Social commerce platform
About the Company: Co-founded by Subhash Choudhary (left) and Suumit Shah, Dukaan provides a DIY platform that enables merchants to launch an e-commerce website using their smartphone, customize them in terms of design and functionality including digital payments. It can be used by businesses of any size, volume, and geographical location.