New Delhi: Local e-commerce startup Rosana announced Wednesday that it has received $22.5 million in its latest funding round.
The round was led by investment firm Bertelsmann India Investments (BII), with participation from VC firm Fireside Ventures and existing investors.
“With this funding, we will be able to reach new neighborhoods and provide access to essential goods to rural communities,” Rosana co-founder and CEO Ankur Dahiya said in a statement. We will continue to build out our logistics and supply chain infrastructure.”
The company said the new funding will be used to expand Rosana's warehousing and logistics reach into new districts, strengthen its technology platform and drive hiring across technology, product and operations teams. Ta.
Kanwal Singh, Founder and Managing Partner of Fireside Ventures, said, “Rozana is focused on offering a wide range of products across categories in the rural market, and the unique background of our founders has led us to build a highly successful business. We are ready to build.”
Rosana has a presence and operations across 13 districts across Uttar Pradesh and Haryana with an extensive network of approximately 18,000 peer partners.
“The opportunities in rural India are highly undervalued and this team is ideally suited to develop them,” said Rohit Sood, partner at Bertelsmann India Investments.
Founded in 2021 by Dahiya, Adwait Vikram Singh, Mukesh Christopher, and Prithvi Pal Singh, Rozana operates an e-commerce platform and logistics network focused on serving the needs of rural India.
