Bengaluru-based social tech enterprise RubanBridge (1Bridge) has announced that it has secured $2.5 million in the latest funding round led by C4D Partners.
The round saw participation from KAAJ Ventures, and angel investors including founding partner of Accel Partners – Prashanth Prakash, co-founder of Happiest Minds – Puneet Jetli, as well as PE/VC executive – Aradhana D Chatterjee.
The round also saw participation from US-based serial tech-entrepreneur and investor – Prashanth Boccasam.
Speaking on this investment, Arvind Agarwal, CEO at C4D Partners, commented, “We have been actively participating in the evolution of 1Bridge – almost since its inception back in 2016, to now a leader in village commerce. The foundations of the company are built with a strong emphasis on rural consumer experience, assisted commerce platform, terrific execution capabilities, and a focus on being capital efficient. We are delighted to continue supporting the team as they embark on their next stage of scale and impact.”
Prashanth Boccasam added, “With 1Bridge’s presence in thousands of villages through its entrepreneur network and technology platform, it is uniquely positioned to understand the needs and aspirations of rural India through the data they generate. I am excited to continue working closely with the team to generate insights that can truly transform access, choice, and convenience for our villages.”
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.