Exclusive: 1Crowd tops up investment in cold chain technology startup Tessol
Summary
The latest capital infusion will be used primarily to enhance the startup’s technology and product capabilities, besides bankrolling its pilot projects, Tessol founder and CEO Rajat Gupta told TechCircle. Prior to this round, the startup had raised about Rs 12 crore, or $1.6 million at current foreign exchange rates, Gupta said. 1Crowd, operated by Zeva Capsol, was founded in May 2015 by Anil Gudibande, Amit Arvind Ratanpal, Anup Kuruvilla and Natasha Shah Kothari. Other angel investors on the platform include MA Ravi Kumar, former CEO, American India Foundation; Venkat Srinivasan, a serial entrepreneur based in Boston; and Vivek Sharma, CEO of a pharma services company based in Boston. Launched as an equity crowdfunding platform, 1Crowd marked the first close of its debut angel fund at $3.5 million in March this year.