Lal10 is an online platform for Indian artisans to sell their products in international markets.
Basic Information
Founded in 2016 by Maneet Gohil, Sanchit Govil, and Albin Jose, Lal10 is a B2B online platform for Indian artisans to sell their products in international markets. The Noida-based company has partnered with global retailers who buy products from these sellers. The platform claims to invest more than 70% of their profits in building the ecosystem of artisans and the money goes into building new contemporary designs so that the artisans can earn better wages, helping artisans present their products in different exhibitions and marketing channels, and in creating health awareness and skill development among the artisans. In March, 2020 the startup raised $1.1 Mn in its Pre-Series A funding round led by US-based Utah’s Sorenson Impact Fund.
Legal Name
:
Bhagwandas Retail Private Limited
Headquarters
:
Noida, Uttar Pradesh, India
Business Model
:
Founding Date
:
2016
No. of Employees
:
21 to 40
Core Team
:
1.
Maneet Gohil
Co-founder & CEO
2.
Albin Jose
Co-Founder & VP
3.
Sanchit Govil
Co-founder & COO
Funding
Total Funding
$1.1M
Investors
:
1.
Pravin Gandhi
2.
Mekin Maheshwari
3.
Amit Ranjan
4.
Pegasus FinInvest
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Round 1
$5.5M
Series Name
:
SEED
Date
:
19th Jul 2022
Investors
:
1.
Yuj Ventures
2.
Pegasus FinInvest
3.
Beyond Capital
4.
Spiral Ventures Pte Ltd.
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