E-Commerce startup Biz365 raises funding from Innovana Thinklabs
Summary
Jaipur-based eCommerce platform Biz365 has raised a funding of USD 200k led by its early investor, Innovana Thinklabs Limited. As per the company statement, "The funds raised will be used for team expansion across key functions like product development, sales, marketing, and talent hiring to ensure long-term growth. " Speaking on the investment, Chandan Garg, Chairman & MD, Innovana Thinklabs Limited, “Businesses today know the importance of having an online presence, especially due to COVID-19. We aim to expand the customer base to 150K websites in FY2022”, said Prateek Jain, co-founder and CEO. “Rapid digitization of SMBs and deepening the e-commerce ecosystem are huge trends in India, and Biz365 is building a next-gen product that sits at the confluence of both these trends, integrating the entire commerce infrastructure onto one single platform”, said Aditya Kedia, co-founder and CTO.