202213 Jan

YantraLive gets seed funding from Bigbasket's Vipul Parekh, others


YantraLive, a business-to-business (B2B) platform for heavy equipment and parts, has raised $1 million (around Rs 7 crore) seed funding from GrowthStory and other angel investors including Bigbasket’s Vipul Parekh, among others. YantraLive, which eyes India expansion, said it will use the fresh funds to boost its technology platform as well as roll out a slew of new product line-ups. Founded in 2018, YantraLive’s technology platform is backed by serial entrepreneurs Ravi Anand Rao and Umesh Sangurmath and the founding team includes Vikram Joshi, Sumit Bhosale, Kumar Palangappa and Avinash Sangurmath. YantraLive was born with this insight, and with a mission to eliminate downtime and idle time of heavy equipment through technology-led innovations," said Rao. The startup plans to solve the information asymmetry problem for thousands of heavy equipment owners.

Source: Vccircle