OneCode, a tech enabled distribution platform, has announced that it has raised $5 million in funding round co-led by Nexus Venture Partners and Sequoia’s Surge. The round also saw participation from WaterBridge Ventures.
Angel investors including Anand Chandrasekaran, Haptik’s Aakrit Vaish, Arjun Vaidya, Amrish Rau (Pine Labs), Ashish Dave (Mirae Asset), Jitendra Gupta (Jupiter Money), Unacademy’s Gaurav Munjal, Cloud Capital, Harshil Mathur (Razorpay), Lalit Keshre (Groww), Kunal Shah, Miten Sampat, Pravin Jadhav (Raise Financial Services), Bimape’s Rahul Mathur, Sujeeth Kumar (Udaan), Sandeep Srinivas (Redcarpet), Vivek Ananda (Bounce) and Sweta Rau also participated in the latest round.
Manish Shara, Co-founder of OneCode, said, “OneCode helps to provide brands with an outsourced sales army, which empowers people in Tier-II and Tier-III cities to become sales agents with a steady source of income. Even during these tough times, it’s heartening to see how we can still provide our sales agents with livelihood from the comfort of their own homes.”
Pratik Poddar, Principal, Nexus Venture Partners, continued, “We believe that India is a unique market where you can create a lot of value by empowering distribution partners. Manish and Yash are solving a large problem for the 50 million agents and financial services institutions, and we are very excited to back the OneCode team.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.