Incubator set up by Infosys co-founders to fund Sellerworx
Sellerworx has become the first company to get funded by Axilor Ventures, a seed incubator set up by Infosys co-founders SD Shibulal and Kris Gopalakrishnan.
By Krithika Krishnamurthy, ET Bureau | Updated:
BENGALURU: Sellerworx, which helps small businesses sell on online marketplaces, has become the first company to get funded by Axilor Ventures, a seed incubator set up by Infosys co-founders SD Shibulal and Kris Gopalakrishnan. The company's product helps sellers manage their inventory across several ecommerce portals, and also drive sales. Axilor Ventures invests up to $1 million in startups. The firm did not respond for comment at the time of going to press.
“A lot of sellers on ecommerce are not tech-savvy, and there is a great demand for a product that helps them,“ said CEO Venkat Potluri, a former director at Flipkart. “Our goal is to reach 1,000 sellers as soon as possible,“ said Potluri, whose company now caters to 100 sellers.
This investment comes at a time when large ecommerce firms are looking to add more sellers on their platform.
“A lot of sellers on ecommerce are not tech-savvy, and there is a great demand for a product that helps them,“ said CEO Venkat Potluri, a former director at Flipkart. “Our goal is to reach 1,000 sellers as soon as possible,“ said Potluri, whose company now caters to 100 sellers.
This investment comes at a time when large ecommerce firms are looking to add more sellers on their platform.
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Text: Rajiv Singh, ET Bureau
These are just three of the 10 offbeat startups we’ve deep-dived into; just three of the 800-odd startups added every year; and just three of the over 3,000 startups that are trying to make it big in India.
The 10 that we’ve picked are novel, but being different or a first mover is no guarantee of being the best mover — or moving at all a few years later.
These are just three of the 10 offbeat startups we’ve deep-dived into; just three of the 800-odd startups added every year; and just three of the over 3,000 startups that are trying to make it big in India.
The 10 that we’ve picked are novel, but being different or a first mover is no guarantee of being the best mover — or moving at all a few years later.
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