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The Better India looks to scale up e-commerce business with new funding

Online media platform raises Rs 25 crore from Elevar Equity, TPG Rise

Peerzada Abrar Bengaluru

Premium

The Better India logo

Last Updated : Jan 30 2019 | 11:13 PM IST

Online media platform The Better India, which publishes positive stories related to social development, travel, environment and women empowerment among others, has raised around Rs 25 crore ($3.5 million) in Series A round. The Elevar Equity-led investment round also saw the participation from TPG Rise (The Rise Fund).

With this investment, The Better India aims to launch a curated marketplace that will benefit micro, small and medium enterprises, self-help groups and NGOs who make great products but lack access to consumer markets.

The Better India was founded by Dhimant Parekh and Anuradha Kedia, husband-wife duo and graduates from the Indian School of Business, as an online blog in 2008. The platform throws the spotlight on c, angemakers, solutions and innovations across the country.