E-commerce Platform Raises Rs 14.4 Crore Funding; Founders Alumni Of IIT Bombay
Summary
A collaborative e-commerce platform, Oyela has raised Rs 14.4 crore as part of a fresh funding round led by early-stage venture capital fund Prime Venture Partners. The founders of this startup Rahul Gope and Anjan Kumar Patel are alumni of Indian Institute of Technology (IIT) - Bombay.They both completed B.Tech in Mechanical Engineering from IIT Bombay in the year 2018.Oyela, started in 2021 is a collaborative commerce platform that enables sellers to grow their business by offering tools to collaborate for better traction on social media, streamline operations, and use Instagram automation to boost sales.As per reports, Oyela has already received Rs 4.1 crore in a pre-seed funding round from a consortium of investors which included Good Capital, Upsparks Capital and Eximius Ventures.As quoted by the career 360, CEO of Oyela Rahul Gope said "Hailing from the Andaman islands, I once ran an online pearl boutique. Seeing the explosion of creative entrepreneurship in the country, I recognised that these challenges could resonate with aspiring entrepreneurs. "He further added, "Oyela provides solutions to streamline and automate their social-media led commerce business. We are impressed by the team at the company and we believe they are on the brink of transforming the social commerce landscape in India."