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Rozana, a local commercial startup, announced that it has raised USD 22.5 million in funding led by Bertelsmann India Investments (BII) with participation from Fireside Ventures and existing investors.
In April 2022, the startup raised USD 2.5 million in a pre-Series A round from 3one4 Capital and Europe’s IEG (Investment Banking Group).
According to an official release, this new funding will be used to expand Rosana’s warehousing and logistics reach to new districts, strengthen its technology platform, and drive hiring across technology, product, and operations teams. That’s what it means.
Ankur Dahiya, CEO and Co-Founder of Rozana, said: “Rural India represents a large and underserved e-commerce opportunity of approximately 1 billion people. With this funding, we will continue to build our logistics and supply chain infrastructure and offer new services.” Empower rural communities by providing them with access to the products they need. ”
Founded in 2021 by Ankur Dahiya, Adwait Vikram Singh, Mukesh Christopher, and Prithvi Pal Singh, Rozana operates an e-commerce platform and logistics network focused on serving the needs of rural India. I am.
Currently, it claims to serve around 12,000 villages spread across 13 districts of Uttar Pradesh and Haryana through a network of over 18,000 peer partners.
Rohit Sood, Partner, Bertelsmann India Investments, said: “The opportunities in rural India are highly undervalued and this team is ideal to unlock it. Mr. Ankur, Mr. Adwait. , Mr. Mukesh has created an outstanding service that is hard to find in a company like this.” With the love of such consumers. We are excited about the potential to meaningfully impact millions of lives. ”
“Rozana is focused on offering a wide range of products across categories in the rural market, and the unique backgrounds of our founders position us to build a highly successful business.Rozana’s model: Appointing peer partners, particularly women, from within the village community is equally commendable,” added Kanwal Singh, Founder and Managing Partner, Fireside Ventures.
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