MyMandi, a B2B marketplace based in Gwalior that caters to cart-pushers (thela-walas), has recently announced the successful completion of its CCD round, raising a staggering Rs10 crore. This round of funding was led by Real Time Angel Fund (RTAF), a leading SEBI-registered angel fund based in India that specializes in early-stage investments in innovative startups.
This strategic investment marks a significant milestone in the growth and development of MyMandi, as it seeks to revolutionize the way B2B marketplaces operate in India.
The investment will be instrumental in propelling MyMandi's growth trajectory and furthering its mission to empower farmers across India. MyMandi plans to utilize the funds to expand its offerings, enhance its technological infrastructure, and increase its market reach, thus solidifying its position in the market.
"This partnership will enable us to achieve our vision of transforming India's agricultural landscape. Real-Time Angel Fund's investment in MyMandi confirms our unwavering commitment to revolutionizing Indian agriculture. With their expertise and resources, we look forward to bringing about a positive change in the supply chains." Mahanaaryaman Scindia, Co-founder of MyMandi.
Pranay Mathur, CEO of Real Time Angel Fund. “We believe in MyMandi's vision to empower Cart Pushers (Thella Wallas) through technology and market access. We are excited to support them in their journey and look forward to working closely with the MyMandi team to bring about positive change,"
This funding round marks a significant milestone for MyMandi, and the startup is poised for rapid expansion and innovation in this space. The funding will enable MyMandi to enhance its product offerings, strengthen its team, and deepen its impact on Indian agriculture.