Even circulate Manufacturers (Evenflow), an eCommerce rollup mentioned it has closed a funding of $5 million from a clutch of traders.
The startup companions with digital-first manufacturers that promote on eCommerce marketplaces like Amazon, Flipkart, Meesho, JioMart, and others, and helps to scale them profitably.
The agency noticed participation from Village International, 9Unicorns, Enterprise Catalysts, LetsVenture, Shiprocket, and marquee angel traders akin to Emil Michael (ex-chief enterprise officer at Uber), Vijay Shekhar Sharma (Founder, Paytm), Kunal Shah (founder, CRED), Nimesh Kampani (cofounder, Trica), Sandeep Varaganti (chief govt officer (CEO) of Market Reliance Retail), Abhishek Nag (ex-director, Netflix), Sony Pleasure (ex-vice president, Truecaller), MageHold (HongKong primarily based micro fund), Shifting Capital (Uber alumni syndicate), MyAsiaVC and some others.
“We’ve got acquired 7 manufacturers and launched two personal labels and managed to scale our manufacturers steadily within the final 12 months.
Our crew is dedicated to scaling these fantastically constructed small companies into on a regular basis manufacturers,” mentioned Utsav Agarwal, cofounder at Evenflow.
Evenflow goals to develop over 20 such Indian manufacturers over the subsequent 12-18 months.
The startup will use the funds raised on this contemporary spherical to develop its crew measurement, acquisition, and improve its tech and operations.
Evenflow, which goals to scale up over 100 digital-first manufacturers, was based by former Uber executives Agarwal and Pulkit Chhabra in Might 2021.
It acquires and scales-up third-party sellers on marketplaces by means of operational intelligence throughout the worth chain — advertising and marketing, branding, cataloging, provide chain, sourcing, channel growth, and so on.
It additionally focuses on creating multi-crore manufacturers throughout classes the place shoppers wouldn’t have branded choices like residence and kitchen, child care, sports activities and health, gardening, and so on.