A woman serial entrepreneur Bhavna Suresh closed India’s largest seed round for her nine-month-old startup 10club. 10club has closed its seed funding round at $40 million, which is one of the largest seed financing round in the South Asian market. This round was co-led by consumer brands-focused Fireside Ventures and an undisclosed international investor.
San Francisco-based marketplace accelerator Heyday, PDS international, Class 5 Global, Secocha Ventures led by Sanket Parekh, and boAt founders Aman Gupta and Sameer Mehta also participated in this seed funding round.
Suresh founded 10club last year, along with Joel Ayala and Deepak Nair. It is an e-commerce player that will acquire small merchants and brands listed on Amazon marketplace. After the acquisition of Amazon seller’s businesses, the brand will scale them up.
The 10club workforce is a 20-people team, with people from several enterprises and digital businesses like Amazon, Flipkart, Udaan, Reliance, Coca Cola and others.
