E-commerce enablement platform Windo has successfully secured ₹54.2 crore (approximately $6.45 million) in its Series A funding round. The investment was led by Sorin Investments, an early-stage venture capital firm founded by former KKR India CEO Sanjay Nayar. This funding aims to bolster Windo's mission to empower solopreneurs, influencers, and small to midsize businesses to establish their online presence effortlessly.
Key Details
- Funding Amount: ₹54.2 crore (approximately $6.45 million)
- Lead Investor: Sorin Investments
- Other Investors:
- JAFCO Asia
- Athera Ventures
- Unicorn Ventures
- Individual investors including Sai Kiran Murali, Sumit Jain, Chhaya Sawhney, Srikrishnan Ganesan, and Jayant Prasad Paleti
- Post-Allotment Valuation: Approximately ₹245 crore ($29 million)
- Purpose of Funding: Growth and expansion initiatives
Founder's Background
Windo was co-founded by Rakesh Vaddadi and Silus Reddy. The platform is designed to enable users to launch online stores swiftly, offering features such as marketing tools and mobile responsiveness through its app. This user-friendly approach caters to the growing need for digital transformation among small business owners.
Funding Details
Prior to this Series A round, Windo had raised $2 million across Seed and pre-Series A funding rounds in June 2021 and July 2022, respectively. The latest infusion of capital is expected to accelerate the company's growth trajectory and enhance its service offerings.