HomeInsightFUNDING NEWS- Newly Funded Startups 2024 Hyperlocal Marketplace Inknibs Secures Seed Funding

[Funding alert] Hyperlocal Marketplace Inknibs Secures Seed Funding

Inknibs Secures Seed Funding - Hyperlocal Platform - Funding News - Viestories

With the help of Amity Technology Incubator, Industrial Finance Corporation of India (IFCI), JSSATE STEP Incubator, and angel investors Sakshi Aswal and Arcchit Agarwal, Inknibs, a hyperlocal platform for books, stationery, and toys, secured Rs 25 lakh in its seed round.

The capital raised will be put toward improving the platform, streamlining the business, and fortifying its position in the e-commerce industry.

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By attending to the pressing needs of school supplies and associated activities, it provides working parents with a practical solution and guarantees that kids have access to what they need.

The hyperlocal strategy of the platform facilitates the connection between customers and local sellers, providing a customized selection of products based on their interests.

With a $40 billion market size in the industry it serves, Inknibs is well-positioned to take a sizable share of this market thanks to its effective distribution strategy and assistance for both enterprises and consumers.

Read also – [Funding alert] Vijya Fintech Secures Rs 7 Cr Angel Investment

About Inknibs

Founded by Divyanshu Solanki, Inknibs is a hyperlocal platform catering to the needs of parents, artists, and children, delivering essential items like books, stationery, and toys within an hour.

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