Startup Street: MaxWholesale raises $3 million in its first round of funding
MaxWholesale's chief executive officer Samarth Agrawal said that the business-to-business ecommerce platform has raised $3 million in its first round of funding from India’s Ian Fund and Abu Dhabi's Al Falaj Investments.
Founded in July 2016, MaxWholesale helps kirana stores source inventory online. It helps them discover prices and schemes on various FMCG brands and products and order from the same platform.
Also, on ‘What’s Brewing’, in an interview with CNBC-TV18, Sujayath Ali, CEO and co-founder of Voonik discussed about merging the company’s B2B business with Bangladesh-based ShopUp. Sequoia Capital-backed online fashion portal has also merged its B2C business with Bengaluru-based schooling supplies platform Schoolay.
On ‘Hot Seat’, CNBC-TV18 caught up with Sandeep Aggarwal, founder and CEO of Droom after the United States Department of Justice dismissed and dropped all charges against him in the 2013 insider trading case. Aggarwal, who has paid over $32,000 as civil penalty, talked about how he plans to move on from this chapter and take Droom to the next phase of growth, which includes IPO plans in 2021.
First Published: Feb 19, 2020 7:57 PM IST
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