Silk-tech startup ReshaMandi raises $30 million in Series A funding round

ReshaMandi, India’s first silk-tech startup that operates as a B2B marketplace for silk farmers, businesses, and merchants in India, has secured a $30 million Series A funding round backed by global alternative investment manager Creation Investments. The fresh round of funding comprised a mix of equity and debt, which saw participation from new investors which include Venture Catalysts, 9Unicorns, Brijesh Agarwal – founder of IndiaMART, Sandeep Singhal from Nexus, as well as Omnivore, which earlier drove ReshaMandi’s seed round. Debt … Continue reading Silk-tech startup ReshaMandi raises $30 million in Series A funding round