Startup Street: Dezerv gets $7 million in seed funding, Dukaan raises $11 mn

'Do It Yourself' online retail platform Dukaan that enables merchants with zero programming skills to set up their e-commerce store using smartphones has secured $11 million in a Pre Series A round of funding. The round was led by 640 Oxford Ventures, with participation from existing investors - Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India.

Venture catalyst and new venture firms HOF Capital, Old Well Ventures, Letsventure, 9Unicorns and a number of high-profile executives also participated in the funding round, including OYO's Ritesh Agarwal, Carl Pei, co-founder and the CEO of Nothing.

Since its launch in June 2020, Dukaan has facilitated over 1.5 million transactions and claims that a new store is being created every 2 minutes. To find out how Dukaan is looking to empower SMBs and expand its presence, Startup Street spoke to its Founder and CEO, Suumit Shah.