335bazaar, a new model of Indian commerce that links online and offline shopping experiences for consumers, announced on Friday that it has raised seed funding from the US-based venture fund Village Global.
The venture fund is backed by some of the world’s most successful entrepreneurs, including Bill Gates, Mark Zuckerberg, Jeff Bezos, and Reid Hoffman.
Launched in August 2020, 335bazaar provides consumers a mall-like experience by modifying stores and offering amazing products at affordable prices through a direct factory-to-consumer model with the option to shop both online and offline.
‘Our vision is to offer a billion Indians a great shopping experience through the seamless interaction of the online and offline worlds,’ Taponeel Mukherjee, co-founder, 335bazaar said in a statement.
The company has started two experience centers, in Bhogal (South Delhi) and Madhu Vihar (East Delhi). Moreover, it is looking to open 100 stores in the next six months across all neighborhood markets in Delhi.
Commenting on the investment, Poornima Vardhan, Co-founder of 335bazaar said, “We believe that 335bazaar is the future of Indian commerce, and we have partnered with the best investors from Silicon Valley to build on our vision.”
Lucas Bagno, Investment Team, Village Global, said, ‘Village is thrilled to back Poornima and Taponeel and to support 335bazaar’s vision in building a new type of retail experience in India.’ ‘We were impressed by the team’s background and grit, and are excited to see the early success of their stores to date,’ he added.
335 Bazaar is transforming the way Indian consumers shop. With the fresh capital infusion, the company will be able to expand its business to other parts of Delhi.Shishir Gupta, Founder and CEO, StartupLanes
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