Social commerce startup Trell has announced that it has secured $45 million in its series B funding round. The funding round saw participation from Mirae Asset, LB Investments, H&M Group, Samsung Ventures, KTB Network, and Fosun RZ Capital. Existing investors also participated in the latest round.
“Trell has enabled millions of Indian language internet users to discover and buy lifestyle trends, and we are grateful to have a community that has shown us incredible support, which has further fueled our need to diversify content creation, commerce in India, and create sustainable opportunities for wealth creation and economic growth,” said Pulkit Agrawal, Co-founder and CEO of Trell.
Nanna Anderson, Head at H&M CO:LAB, Investment arm of H&M Group, continued, “Trell has shown impressive growth over the years, and we believe that it has the potential to become a global leader in this space. We are excited to be a part of their journey, supporting the founders and the team in their vision.”
Ashish Dave, Mirae Asset-Naver Asia Growth Fund, added, “Trell’s roadmap and vision of empowering millions of Indian’s to become micro-entrepreneurs have really resonated with us, and we are glad to see the love that the platform has witnessed this past year. The team has an in-depth understanding of the diversity across the country, which is the need of the hour. We believe the impact of the platform in the social commerce ecosystem is going to revolutionise the way people connect and consume content online, thereby helping them make more informed lifestyle choices and purchase decisions.”
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.