10Club secures $40 million in seed funding
By MYBRANDBOOK
10Club, the e-commerce roll-up firm, has raised an amount of USD 40 million in its seed funding round which is co-led by Fireside Ventures and an international investor active in the space. The company said it is one of the largest seed capital rounds in the country for e-commerce roll-up brands.
HeyDay a leading player in the roll-up space, PDS International, Class 5 Global, Secocha Ventures led by Sanket Parekh, boAt founders Aman Gupta and Sameer Mehta in their individual capacity and several other global strategic investors participated in the round.
As per the company, the funding will be used for expanding 10Club's portfolio of brands, investing in building its technology stack, and for working capital purposes.
"This funding from our international partner, who comes with a great understanding of this model globally, and Fireside Ventures, which has successfully championed building many consumer-focused brands, is an important milestone in 10Club's journey. Having HeyDay participate in the round also gives us the opportunity to learn from operators," 10Club co-founder and CEO Bhavna Suresh said.
Vinay Singh, Fireside Ventures partner, will join the company’s board. 10Club partners with e-commerce product sellers in India by acquiring their businesses and working with their teams to help them grow 10 times in size, according to the statement.
"This funding will enable us to expand our portfolio and bring about transformational changes for the businesses we acquire," Suresh. The 10Club team has engaged with hundreds of sellers across specific product categories to understand the motivations, challenges, and opportunities that exist in the market, the statement said.
BREAKING NEWS
TECHNO TRENDS
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
E-Magazine
TECHNOTAINMENT
Airtel Xstream Play strengthens regional content library, part
Bharti Airtel (“Airtel”), one of India’s leading telecommunications
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
MOVERS & SHAKERS
Clover Infotech appointed Subham Banerjee as CDO
Clover Infotech has announced the appointment of Subham Banerjee as its Ch
Saviynt ropes in Sanjeevi Kumar as new Sales Director in India
The cloud-native identity and governance platform solutions provider Saviy
OPEN YOUR EYES
INTERVIEWS
D-Link in pursuit of building a more connected, smarter and co
D-Link is committed to the ‘Make in India’ vision. Aligned with this, t
Acer continues to solidify itself as a leading player in the I
Acer, as a key player in the constantly evolving and vibrant ICT industry,
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
HP INDIA SALES PVT. LTD.
EXIDE INDUSTRIES LTD.
DIGISOL SYSTEMS LTD.
ADITYA INFOTECH LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : AALOK KUMAR
Aalok Kumar is celebrated as a global leader and recipient of the Peop...
Icons Of India : Anil Kumar Lahoti
Anil Kumar Lahoti, Chairman, Telecom Regulatory Authority of India (TR...
Icons Of India : Puneet Chandok
Puneet Chandok is President, Microsoft India & South Asia and is respo...
PARTNER SPEAKERS
PSU
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
VIDEOS
Top 25 Brands
Value-Added Distribution
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
