Point One Capital, Yatra Angel Network (YAN), Opus Consulting, and Manipal Technologies have invested Rs 3 crore in Xpresslane, a Bengaluru-based digital firm that focuses on online checkout transactions.
Angel investors included Rohit Chanana, Managing Partner of Sarcha Advisors, and the creators of WOW Skin Science, Karan Chowdhary and Rohit Chananaand Manish Chowdhary.
“There is a phenomenal growth in the D2C space with amazing new brands changing the consumer economy in India. We are enabling these new-age, internet-first companies to gain technological edge over larger and mature ecommerce players. With transaction times less than five seconds, Xpresslane checkout will be the only login one needs to finish their purchases anywhere online.” said Xpresslane Founder and CEO Ashwin Koorakula