Company Name : Organicshop
Funding Amount : Undisclosed
Investor(s) Vivek Nathani, Yogesh Chaudhary, Kamal Kothari.
Funding Round : Pre-Series A
Organicshop, a marketplace for organic products has raised an undisclosed sum in pre-series A round funding.
Three existing investors Mahavir Pratap Sharma, Kamal Kothari & H C Jain and two new investors Vivek Nathani and Yogesh Chaudhary, participated in the round.
The Jaipur-based company will use the proceeds towards team build-up, adding more business lines, further boosting its technology platform, as well as focus on creating a more immersive consumer engagement.
“The proceeds will be primarily used in developing new business lines so as to reach out to customers in India and globally in a better way,” said Manuj Terapanthi, Founder & CEO of Organicshop.
Organic Shop was founded in 2011 and raised the first round in 2013 from RAIN (Rajasthan Angel Investor Network).
Globally, organic Industry is growing at 18% and estimated size is $250 Billion by 2020. Indian organic market size is approx. 6000 Cr but the major contribution is from exports.