Company Name : KartRocket
Funding Amount : $6 million
Investor(s) Bertelsmann India Investments . .
Funding Round : Series B
E-commerce enabler KartRocket has raised $6 million from Bertelsmann India Investments. Existing investors including Nirvana Digital India Fund, Nirvana Digital Investment, US-based 500 Start-Ups and Singapore’s Beenext also participated in the round.
The raised funds will be used for product development, talent acquisition and marketing initiatives. The startup claims that it has more than 7,500 shops and adds over 10,000 listings per day.
The platform plans to brings the SME merchants online on both mobile and deskstop.The startup also helps them with payments and logistics capabilities, marketing and promotion tools and integration with B2C marketplaces.