Direct2U, an Indian e-commerce platform, has recently secured INR 1.8 crore in seed funding. The funding round was led by a group of angel investors, including Rajesh Sawhney, founder of GSF Accelerator, and Ritesh Malik, founder of Innov8.
Direct2U is a platform that connects local retailers with customers through an online marketplace. The platform allows retailers to create their own online store and sell their products directly to customers. Customers can browse through a wide range of products from different retailers and make purchases through the platform.
The platform aims to provide a seamless shopping experience for customers while also helping local retailers expand their reach and grow their business. Direct2U offers a range of features to retailers, including inventory management, order tracking, and payment processing.
The seed funding will be used to further develop the platform and expand its reach across India. Direct2U plans to use the funds to improve its technology infrastructure, enhance its customer support services, and increase its marketing efforts.
The e-commerce market in India has been growing rapidly in recent years, driven by increasing internet penetration and the rise of mobile devices. According to a report by Statista, the e-commerce market in India is expected to reach $200 billion by 2026.
Direct2U is well-positioned to capitalize on this growth, as it offers a unique value proposition for both retailers and customers. By providing a platform for local retailers to sell their products online, Direct2U is helping to drive economic growth and create new opportunities for small businesses.
Overall, the seed funding secured by Direct2U is a positive sign for the Indian e-commerce market. As more consumers turn to online shopping, platforms like Direct2U will play an increasingly important role in connecting retailers with customers and driving economic growth.
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