Home Food Satvacart to raise another $2 mn in current round of funding

Satvacart to raise another $2 mn in current round of funding

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e-Grocery retailer said it is keen to raise another $2 million in current round of funding, in which a clutch of individuals, including Abhijit Avasthi, Karan Chellani and SP Vijay have already invested an undisclosed amount.

Satvacart to raise another  mn in current round of funding
The company has also appointed three senior industry professionals - Abhijeet Avasthi (Sideways), Sameer Bagul (EVP and CFO, Cleartrip) and Sri Ramakrishnan to its Board of Directors

According to a PTI report: The company has also appointed three senior industry professionals – Abhijeet Avasthi (Sideways), Sameer Bagul (EVP and CFO, Cleartrip) and Sri Ramakrishnan, a marketing veteran with 20 years’ of experience and a visiting faculty at IIMA with expertise in eGrocery – to its Board of Directors.

While Karan Chellani is Partner in Grace Capital, S P Vijay is Founder of Tarento Software, Bangalore.

“Having achieved operating level break-even within 14 months of launch following the vertical expansion strategy, we are now targeting full break-even,” Co-founder, Satvacart, was quoted by PTI as saying.