GVFL and Malpani Ventures lead pre-seed round in DOCO

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Rural distribution startup DOCO has raised Rs 4.5 crore (around $540K) in a pre-seed funding round led by  GVFL alongside Malpani Ventures. 

The round also saw participation from existing investor Kunwar Asheesh Saxena, former co-founder and CTO of RedDoorz, and other angel investors.

The funds will be used to expand DOCO’s technology platform, grow its dark store network, and scale operations across rural clusters. The firm aims to operate 25 dark stores and reach 25,000 retailers in the next year.

Founded in 2023 by Jitendra Yadav and Nishant…



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GVFL and Malpani Ventures lead pre-seed round in DOCO


Rural distribution startup DOCO has raised Rs 4.5 crore (around $540K) in a pre-seed funding round led by  GVFL alongside Malpani Ventures. 

The round also saw participation from existing investor Kunwar Asheesh Saxena, former co-founder and CTO of RedDoorz, and other angel investors.

The funds will be used to expand DOCO’s technology platform, grow its dark store network, and scale operations across rural clusters. The firm aims to operate 25 dark stores and reach 25,000 retailers in the next year.

Founded in 2023 by Jitendra Yadav and Nishant…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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