Gautam Kshatriya, founder and CEO of five-month-old Thrasio-style aggregator UpScalio, joined the latest episode of TechThisWeek to talk about the $42.5 million (about Rs 315.7 crore) Series A funding round.
The round was led by Presight Capital and an undisclosed global hedge fund. It also saw participation from Heliad Equity partners, MPGI, 468 Capital and Whiteboard Capital.
The Gurugram-based startup provides funds to digital brands selling on ecommerce marketplaces such as Amazon, Myntra, Flipkart and Nykaa and manages key operations for them including multi-marketplace management, digital marketing, branding, logistics, sourcing, finance and business operations.
Kshatriya unpacks the funding and UpScalio’s plans going ahead.
Also catch up on all the other big technology and startup news from the week.