Total amount raised
₹282 Million
Latest funding date
08/01/2021
Location
Yojak has successfully raised $3.8 million in a pre-series A round led by Info Edge Ventures, participating in a total of two funding rounds. The company is backed by 12 investors, including notable names like Anupam Mittal and Sanjiv Rangrass.
Yojak is India's first B2B online marketplace for building materials, aiming to revolutionize the market through technology, logistics, and capital flow. Keep reading to explore the intricacies of Yojak's fundraising journey and the investors backing this innovative platform.
What Is Yojak?
Yojak, based in Gurgaon, Haryana, India, is a pioneering B2B online marketplace for building materials. The company operates in the building materials, e-commerce, and marketplace industries, aiming to revolutionize the market through technology, logistics, and capital flow.
With an employee count ranging from 101 to 250, Yojak has established itself as a significant player in the industry. The company focuses on digitizing global trade and offers a wide range of building materials, shipping to over 100 countries.
How Much Funding Has Yojak Raised?
- Seed Round
- Amount Raised: $3.8 million
- Date: August 2021
- Lead Investors: Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used to build teams across tech and non-tech roles, develop new tech solutions, and expand into new markets and categories.
- Seed Round
- Date: August 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $3.8 million
Current Valuation: Not publicly disclosed
Key Investors
- Info Edge Ventures
- Details: Info Edge Ventures is a venture capital firm that led Yojak's funding round. They are known for their investments in early-stage technology and internet companies.
- Investment Focus Areas: Technology, internet companies, early-stage startups
- Notable Investments: Zomato, PolicyBazaar, Naukri.com
- Kae Capital
- Details: Kae Capital is an existing investor in Yojak. They focus on early-stage investments across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: HealthKart, 1mg, Fynd
- Foundamental
- Details: Foundamental is a global investor specializing in the construction and building materials sector. They participated in Yojak's funding round.
- Investment Focus Areas: Construction, building materials
- Notable Investments: Specific notable investments are not mentioned.
- Anupam Mittal
- Details: Anupam Mittal is an angel investor who participated in Yojak's funding round. He is known for his investments in technology and internet startups.
- Investment Focus Areas: Technology, internet startups
- Notable Investments: Shaadi.com, Ola
- Sanjiv Rangrass
- Details: Sanjiv Rangrass is an angel investor who participated in Yojak's funding round. He focuses on investments in innovative and scalable businesses.
- Investment Focus Areas: Innovative businesses, scalable startups
- Notable Investments: Specific notable investments are not mentioned.
What's Next for Yojak?
Yojak is poised for significant growth as it builds teams across tech and non-tech roles, develops new tech solutions, and expands into new markets and categories. The $3.8 million raised in the pre-series A round underscores the scale of these opportunities.
Future fundraising rounds are likely as Yojak continues to scale, potentially attracting larger venture capital firms or strategic investors. However, challenges such as scaling operations, integrating new tech solutions, and competing with other B2B marketplaces and traditional suppliers may arise.
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