MaxWholesale raises USD 3 mn from IAN Fund, Abu Dhabi’s Al Falaj Investments
MaxWholesale, a B2B e-commerce platform for kirana stores has raised USD 3 million (about Rs 21.4 crore) in funding led by IAN Fund-I and Abu Dhabi-based Al Falaj Investment Company (AFI).
The Series-A round also saw participation from existing investor Maple Capital, along with Infoedge's ex-CFO Ambarish Raghuvanshi, Maple Capital's Abhinav Grover and Biba Group's Siddharth Bindra, among others, a statement said.
Raman Roy and Abdelghani have joined MaxWholesale's board as directors, it added.
"With the investment, MaxWholesale will hire talent to develop its technology further and accelerate growth... MaxWholesale is also looking to expand its reach to Kirana stores in the coming months," it said.
The platform currently services 10,000 kirana stores in Delhi. The company mana...