03 May 2018, India:
B2B startup excess2sell has raised an undisclosed amount of funding from Angel Investors including Aashish Pitale and Harinder Singh. As a part of investment, Aashish Pitale will join the company Board of Directors.
The fresh capital will be used to enhance technology solutions on the platform, expand footprint and customer base, and widen the reach of its offerings across the country.
Aashish Pitale said, “I am excited to be part of board at excess2sell and look forward to working closely with the team. Navinder, Anant and Rajan are seasoned campaigners with a keen business sense. We are committed for the long haul and will do whatever it takes to nurture Excess2sell as India’s premier surplus inventory marketplace for vendors, distributors and manufacturers.”
“This round will help us strengthen our technology solutions and product line expansion, as this year our focus is on widening our tech footprint to gear up for increased transactions in the coming year,” said Rajan Sharma, Founder and CEO of excess2sell.
Rajan Sharma added, “Aashish has been enthusiastic of our business model & vision since I met him about 6 months back. We are more than excited to have him join our board, his illustrious background in banking and combination of entrepreneurial and investment experience is just what the Excess2sell.com needs at this stage as we plan our growth path. We are looking at adding sellers & buyers for new verticals like – Automotive Spares, Industrial Goods, Electrical Products and Perishable goods in 2018.”
excess2sell was founded by Rajan Sharma, Navinder Chauhan and Anant Chaturvedi in March 2015. It is operated by Checkers India Technology Pvt Ltd. It is a B2B platform market place for excess inventory management across verticals, such as CE, IT Hardware & Software, Telecom, Security, Home Appliances etc.
(Source – BW Businessworld, Image – Startup Ranking)