AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Join Chat 💬
E-commerce17 Apr 2023 10:59

E-commerce platform Direct2U raises Seed funds led by Inflection Point

by Team AsiaTechDaily
  • twitter
Bookmark (0)
Please login to bookmark Close

No account yet? Register

Direct2U, a B2B2C-assisted e-commerce platform and a brand of Flow Commerce Private Limited, has successfully raised Rs.1.8 Cr in a Seed Round led by Inflection Point Ventures (IPV).

The funds raised will be utilized for technology development, hiring, marketing, and expansion plans. Direct2U aims to simplify cross-border e-commerce, making it accessible to businesses of all sizes.

Direct2U has strong relationships with various brands such as Samsung, Vivo, and Prestige, allowing the rural audience to select from a wide range of products.

A unique OTP mechanism along with visual proof of delivery helps build the trust of MFI partners. The company has expanded its operations in Bihar, Madhya Pradesh, Odisha, and Karnataka with 23 warehouses.

Direct2U is disrupting the rural market by providing access to finance and door-to-door delivery. The company has identified a promising white space in the rural e-commerce market and is bringing in standardized processes, elevating customer experience, generating employment for delivery staff, and providing a safe payment process.

Mitesh Shah, Co-Founder of Inflection Point Ventures, believes that Direct2U is solving all the connectivity problems and has created an integrated structure on one platform.

He thinks that their growth trajectory and growth plans, along with their support and network, will help the company to establish its leadership in this segment.

By 2026, India is expected to have 1100 million internet users and 350 million internet shoppers. Tier 2 and below locations in rural India are expected to add 88% of online shoppers and $7 billion in cumulative incremental online retail transactions between 2020 and 2030.

Direct2U, a FLOW COMMERCE company, is a fully-integrated assisted e-commerce platform that brings together lead generation, order fulfillment, cash (online transfer), and credit purchase options, along with doorstep delivery for underpenetrated rural Indian consumers.

Tags: Direct2U

Similar Articles

Mimin
Featured5 May 2023 1:34

Indonesian startup Mimin raises seed funding to boost e-commerce efficiency

More
SKS Capital Grace
Featured24 Apr 2023 10:01

SKS Capital leads Series B funding for Grace, Korea’s largest health and beauty aggregator

More
Shopee
E-commerce2 Apr 2023 9:25

Young Malaysians promote ‘smart consumption’, says Shopee survey

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

Program

Menu
  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

About

Menu
  • Home
  • About us
  • Privacy Policy
  • Collaborate with AsiaTechDaily
Facebook Instagram Linkedin
  • twitter

Subscribe and be informed first hand about the actual economic news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 asiatechdaily. All rights reserved.