Basic Information
Founded in 2016, 1Bridge ensures last mile service delivery by connecting rural consumers to ruban (rural urban) retailers through an assisted commerce platform. 1Bridge’s services offers rural consumers a range of products from motorbikes to tractors, from smartphones to television sets, and insurance to loans. Operating on a pull model, 1Bridge first allows its grassroots associates to record the demands of rural customers. This is then followed by enquiries, generating quotes, sales etc., all recorded, monitored and processed through its mobile app. The process culminates with 1Bridge delivering the choicest of products to the doorstep of rural customers. 1Bridge has created a blockchain based model of generating trust scored based on their transactions with the 1BA and 1BA’s transactions with his/her set of consumers. Their model generates a score for a particular transaction fulfilled – based on certain “trust” criteria and thereby creating a TrustTree that grows with every transaction.
Legal Name
:
Ruban Bridge Pvt. Ltd
Headquarters
:
Bangalore, Karnataka, India
Founding Date
:
2016
No. of Employees
:
21 to 40
Core Team
:
1.
Madan Padaki
Founder and CEO
2.
Chakrawarty M
Co Founder
3.
Anil Kumar Ghildiyal
Co Founder and COO
Funding
Total Funding
$2.5M
Investors
:
1.
KAAJ Ventures
2.
C4D Partners
Round 1
$482.15k
Series Name
:
OTHER
Date
:
12th Sep 2023
Investors
:
1.
C4D Partners
2.
Sudhanva Dhananjaya Family Office
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