Rapido CEO, unicorn India ventures put money into social commerce startup windo
Bengaluru-based social commerce-centered era platform for character and small-sized sellers, Windo, on Tuesday said it has raised $1.5million in a spherical led by means of unicorn India ventures. Rapido India’s CEO Aravind Sanka, Portea co-founder ok Ganesh and Capri global also participated in the spherical, along with a few different buyers.
The company plans to apply this capital raised in the pre-series a spherical for product improvement and worldwide expansion.
“The funding that we’ve got raised is a huge step towards realizing our project to assist SMB(small-to-medium business) proprietors and solopreneurs in taking their business online and growing. We accept as true with our particular technique to the trouble will assist us win in this space even amidst a reputedly crowded area,” stated Silus Reddy, CEO and co-founder of Windo.
Windo — founded with the aid of 2nd time entrepreneurs Rakesh Vaddadi and Reddy years in the past — allows small groups to manage their online agencies by way of growing orders, helps them set up a professional-searching e-trade save and marketplace their merchandise to Instagram customers.
The app has near 200,000 downloads from customers across 140 international locations, and has 50,000 monthly active users. The corporation claims to host extra than 100,000 online stores and plans to reach an annual revenue run rate (ARR) of $1 million within the next 12 months.
“Approximately 250 million small companies and solopreneurs across the globe use WhatsApp, Instagram or telephone calls to take orders. With the enlargement there’s a hastily developing need for platforms that may aid social trade marketers considering the fact that even the net-savvy business owners find it tough to create and manipulate an online website,” said Sparsh Kumar, senior funding accomplice at unicorn India ventures.
