RubanBridge (1Bridge), a Bengaluru-based last-mile supply chain and distribution network focused on villages in rural India, announced on Tuesday that it has raised $2.5 million in new capital lead by C4D Partners, a Netherlands-based impact investor.
New investors such as KAAJ Ventures, angel investors such as Prashanth Prakash (Founding Partner, Accel Partners); Puneet Jetli (Co-founder of Happiest Minds); and Aradhana D Chatterjee – a seasoned PE/VC executive — also participated in the round.
This round included existing angel investor Prashanth Boccasam, a serial digital entrepreneur and investor headquartered in the United States.
Village commerce platform 1Bridge, founded by Madan Padaki and co-founders Anil Kumar (CEO) and M Chakrawarty (Chief of Growth and Partnerships) in May 2016, brings a wide range of aspirational items and digital services to village consumers’ doorsteps.
Through an intuitive mobile-based digital platform, it collaborates with local rural entrepreneurs (1Bridge Advisors) to assist provide these products and fulfil services.
Commenting on this investment, Arvind Agarwal, CEO, C4D Partners, said, “We have been actively participating in the evolution of 1Bridge – almost since its inception back in 2016, to now a leader in village commerce. The foundations of the company are built with a strong emphasis on rural consumer experience, assisted commerce platform, terrific execution capabilities, and a focus on being capital efficient. We are delighted to continue supporting the team as they embark on their next stage of scale and impact.”