DOCO raises Rs 4.5 crore in pre-seed round led by GVFL and Malpani Ventures

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

 Existing investor Kunwar Asheesh Saxena, former co-founder and CTO of RedDoorz, and other angel investors also participated in this round.

The funds will be used to improve DOCO’s technology platform, expand its dark store network, and grow operations in rural areas. The company plans to run 25 dark stores and reach 25,000 retailers in the next year.

Read also- Bombay Shaving Company raises ₹136 crore led by Sixth Sense Ventures

Jitendra Yadav, CEO of DOCO, said, “The successful closure of the pre-seed round is a strong validation of our vision to modernise rural distribution and enable FMCG brands to scale faster. With GVFL and Malpani Ventures as our partners, we aim to accelerate expansion, enhance our technology stack, and empower local youth to drive inclusive market.”

Mihir Joshi, Managing Director of GVFL, said, DOCO has built a technology-enabled and transparent model that addresses inefficient rural distribution, which is one of the most persistent challenges in the FMCG space. Its approach of integrating grassroots entrepreneurship with digital infrastructure positions it well to capture the growing consumption potential across India. We are pleased to partner with DOCO at this early stage and support its next phase of expansion.

Druv Sane, Principal at Malpani Ventures, said, “At Malpani Ventures, we are bullish on innovative solutions that solve problems for Bharat. We are pleased to partner with the team at DOCO as they solve the challenge of last mile distribution in rural markets with a tech-enabled platform and bringing on board local partners.”

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About DOCO 

Founded in 2023 by Jitendra Yadav and Nishant Agarwal, DOCO is a Rural Distribution-as-a-Service (Rural DaaS) platform that helps FMCG brands reach rural and semi-urban markets efficiently. It uses a tech-driven network of dark stores and local partners to bridge the last-mile distribution gap in emerging India.

The platform combines technology-based supply chain management with on-ground delivery by trained partners, giving brands a cost-effective and scalable way to grow in underserved areas. DOCO currently operates 10 dark stores, serves over 5,000 retailers in western Uttar Pradesh, and works with more than 15 FMCG brands, including Bikano, Jabsons, Yellow Diamond, and Kingfisher.

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