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Tag: Omphalos Ventures

Former Flipkart Employees’ Startup Raises Rs 1.5 Crore Funding
24May By Sheldan RungasamyNo Comments
FUNDING

Former Flipkart Employees’ Startup Raises Rs 1.5 Crore Funding

Arzooo.com, a reverse auction platform, recently raised Rs1.5 crore in a seed funding round from Omphalos Ventures India. The funds raised will be used to develop the platform’s technology and expand its operations to the top most prominent cities in India by March 2019. Arzooo.com was founded by two former Flipkart employees, Khushnud Khan and Rishi Raj. The startup recently boomed in India’s e-commerce ecosystem in July 2017 with their unique reverse auction model which provides high value buyers with the lowest price on designated products, therefore beating down the competition in other online platform. Since inception, the startup caters over 2,000 customers with an average ticket size of Rs 22,000 on high quality branded products and report a monthly run rate of Rs 7 million...
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Truck Hiring Tech Platform Raises Funding
19May By Sheldan RungasamyNo Comments
FUNDING

Truck Hiring Tech Platform Raises Funding

FreightBazaar, India’s first online portal for truck hiring intended for businesses, recently raised a pre-Series A funding round with Omphalos Ventures India leading the funds of an undisclosed amount. Ah! Ventures, a startup that aims at bridging communication between investors and businesses, was essential in sealing the deal. FreightBazaar revealed that the funds raised will serve the purpose of scaling up operations and expanding its business to several new cities, while also improving its technology to facilitate processes and procedures. “For the past few years, we have been working to bring structure, technology, efficiency and reliability into the way long-haul transportation has been managed in India,” said co-founder and CEO, FreightBazaar, Ganesh Rewanwar. The startup ...
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