The platform caught the eye of several marquee VCs actively looking to participate in this field. Equanimity Ventures has earlier invested in PrepBytes Fraazo and, SamosaSingh, among others.
Evenflow Manufacturers has raised an undisclosed amount from VC Equanimity Ventures. The platform acquires and scales third-party manufacturers that promote on e-commerce marketplaces reminiscent of Amazon & Flipkart in a mannequin just like the one popularised by Thrasio. Evenflow acquires third-party manufacturers that will promote e-commerce platforms like Thrasio marketplace model.
Formed earlier this year by Utsav Agarwal and Pulkit Chabbra, Evenflow targets manufacturers that generate 80% or more of their income via e-commerce platforms. Taking a cue from the success stories of Thrasio, Branded, Perch, etc., a slew of Indian start-ups have raised capital in this area during the past few months.
Evenflow is in an advanced stage of discussions to raise $6-7 Million soon. The platform caught the eye of several marquee VCs actively looking to participate in this field. Equanimity Ventures has earlier invested in PrepBytes Fraazo and, SamosaSingh, among others.
Source: Business World
