Evenflow, an e-commerce roll-up platform, has received an unknown amount of money from Village Global, Venture Catalysts, and 9Unicorns in a pre-Series A round. Emil Michael, Anand Chandrasekaran, Vijay Shekhar Sharma, Kunal Shah, and MageHold, among others, were among the angel investors who took part in the round.
The new money will be used to grow the company’s personnel, make more acquisitions, and improve its technology and operations.
Evenflow, which was launched in 2021, is comparable to the successful Thrasio-style strategy, which buys third-party brands that sell on Amazon and helps them develop. The Mumbai-based company has already completed three acquisitions and plans to buy more than 50 Indian businesses in the next 12 to 18 months.
“With this round of investment and experience of local and global investors on board, we are confident of getting our fundamentals stronger to prepare us for scale in the coming years,” said Utsav Agarwal, Co-founder, Chief Executive Officer, Evenflow.