Wholesale e-commerce startup Wholesalebox today said it has raised a funding of USD 2 million (around Rs 13.5 crore) from a group of institutional investors.
The funds would be deployed to scale technology, roll out operations in new markets and other activities, the startup said.
Chandan Agarwal, co-founder of the startup, said that the Wholesalebox would scale up considerably faster by bringing in manufactures and retailers into the digital economy.
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He said that the platform offers apparel, fashion jewellery and home furnishing at factory prices and help retailers lower purchase rates by 25-30 per cent.
The city-based startup was founded in 2015.
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