E-commerce marketplace OneGreen has raised $1.5 million in its pre-Series round led by Venture Catalysts. Family offices like Sandhar Technology and marquee investors such as Shoumyan Biswas, Sunil Kamath, Varun Laul, and strategic investors from Byju’s and other unicorns also participated in the funding round.
The funding will be used to enter its next phase of growth and improve accessibility and availability of conscious products across categories like groceries, breakfast essentials, snacks, beverages, and home care, OneGreen said in a release.
Launched by Abhijit Bhattacharya and Neha Gahlaut, OneGreen leverages a unique proprietary tool called OneGreen Index, providing quality and credibility assessment for conscious products across categories. As per the company, 80% of its audience is health and wellness-conscious modern women, half of whom are mothers.
The platform claims that it offers more than 18,000 products from over 500 brands which provide assured products across categories such as groceries, breakfast essentials, snacks, beverages, home care, and kids among others.
Early-stage investment firm Venture Catalysts claims to have funded 176 companies to date through a network of HNIs, Family Offices, CXOs, and others. Its portfolio includes Beardo, Airmeet, BharatPe, Blu Smart Mobility, Coutloot, and ClearDekho among others.
In September, The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts partnered to set up a $100 million proptech fund to invest in startups bringing in innovative disruption in the real estate sector.
Source @Entrackr
