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Rural commerce startup Rozana raises $22.5M in funding led by BII, others

IndianStartupNewsIndianStartupNews · 1y ago
Rural commerce startup Rozana raises $22.5M in funding led by BII, others
Medial

Rural commerce startup Rozana has secured $22.5 million in funding led by Bertelsmann India Investments (BII) to transform rural ecommerce in India. The company plans to use the funds to expand its warehousing and logistics capabilities, enhance its technology platform, and grow its team. Founded in 2021, Rozana operates across 13 districts in Uttar Pradesh and Haryana, utilising village-based "peer partners" for last-mile delivery. The company aims to empower rural India by providing essential goods to underserved markets and creating additional income opportunities for partners. The funding will also enable Rozana to collaborate with xto10x Technologies for warehouse design and expansion strategies.

Rural commerce startup Rozana raises $22.5 Mn led by Bertelsmann India

EntrackrEntrackr · 1y ago
Rural commerce startup Rozana raises $22.5 Mn led by Bertelsmann India
Medial

Rural commerce startup Rozana has raised $22.5 million led by Bertelsmann India Investments (BII) with participation from Fireside Ventures and existing investors. Earlier to this round, the startup had raised $2.5 million in its pre-Series A round from 3one4 Capital and Europe’s IEG – Investment Banking Group in April 2022. The new proceeds will be used to expand Rozana’s warehousing and logistics reach into new districts, enhance its technology platform, and ramp up hiring across technology, product and operations teams. Founded in 2021 by Ankur Dahiya, Adwait Vikram Singh, Mukesh Christopher and Prithvi Pal Singh, Rozana operates an e-commerce platform and logistics network focused on serving the needs of rural communities in India. The startup presently serves more than 12,000 villages across 13 districts in Uttar Pradesh and Haryana. Rozana has built a hyperlocal e-commerce model using village-based “peer partners” to make last-mile deliveries. This allows Rozana to offer rural customers convenience through delivery to their doorstep while keeping costs low. Currently, it has a network of over 18,000 peer partners, who can earn additional income through Rozana.

How Hesa Is Transforming Rural Commerce, Catering To Village Entrepreneurs And 10 Lakh+ Aspirational Families

Inc42Inc42 · 1y ago
How Hesa Is Transforming Rural Commerce, Catering To Village Entrepreneurs And 10 Lakh+ Aspirational Families
Medial

Indian rural commerce startup Hesa plans to secure additional funding in the latter half of 2024 as it aims to revolutionize rural commerce by serving the entire value chain. Hesaathis, a network of village-level entrepreneurs, operate an assisted commerce model. Hesa has trained and introduced over 35,000 Hesaathis, with more than 14,000 women, who have 800,000 families regularly buying and selling their agri-inputs. The startup has established strategic partnerships with various industries and aims to develop a comprehensive rural commerce and ruraltech super-app. Hesa enhances the value chain, empowers rural communities, and fosters rural entrepreneurship.

CSC, ONDC partner to expand ecommerce reach to rural areas

Economic TimesEconomic Times · 1y ago
CSC, ONDC partner to expand ecommerce reach to rural areas
Medial

The Ministry of Electronics and Information Technology's network of common service centers (CSC) has partnered with the Open Network for Digital Commerce (ONDC) to expand e-commerce access in rural areas of India. Through this collaboration, rural citizens will be able to access ONDC's e-commerce network via CSC's e-Grameen app, promoting entrepreneurship opportunities and income generation for village-level entrepreneurs. The integration will be conducted in two phases, with village level entrepreneurs being onboarded as buyers initially, followed by the ability for sellers to receive orders from the ONDC platform. This initiative aims to drive rural development and boost the rural economy.

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