Total amount raised
₹282 Millions
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. The platform is India's first B2B managed marketplace for finishing building materials, aiming to revolutionize the supply chain through technology and logistics.
Keep reading to explore the intricacies of Yojak's fundraising journey and the investors backing this innovative platform.
What Is Yojak?
Yojak, founded on November 9, 2019, by Anuj Jain and Rachit Garg, is India's first B2B online marketplace for building materials. Headquartered in Gurgaon, Haryana, the company operates with a workforce of 101-250 employees.
Specializing in building materials and e-commerce, Yojak aims to revolutionize the supply chain by providing a managed marketplace for finishing building materials. The company leverages technology, logistics, and capital flow to cater to global demand, serving over 100 countries with a robust infrastructure and advanced manufacturing units.
How Much Funding Has Yojak Raised?
- Seed Round
- Amount Raised: ₹282M
- Date: August 1, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build teams across tech and non-tech roles, develop new tech solutions, and expand into new markets and categories.
- Pre-Series A Round
- Amount Raised: $3.8 million
- Date: August 17, 2021
- Lead Investors: Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build teams across tech and non-tech roles, develop new tech solutions, and expand into new markets and categories.
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 invests in early-stage technology companies. They are known for backing innovative startups in India.
- Investment Focus Areas: Technology, Internet, Consumer Services
- Notable Investments: Zomato, PolicyBazaar, Naukri.com
- Kae Capital
- Details: Kae Capital is an early-stage venture capital firm that focuses on technology-oriented startups. They provide funding and mentorship to help startups scale.
- Investment Focus Areas: Technology, E-commerce, Healthcare
- Notable Investments: HealthKart, 1mg, Fynd
- Arun Venkatachallam
- Details: Arun Venkatachallam is an angel investor with a keen interest in early-stage startups. He has a background in finance and entrepreneurship.
- Investment Focus Areas: General angel investments
- Notable Investments: Not publicly disclosed
- Foundamental
- Details: Foundamental is a global investor focused on construction technology. They aim to revolutionize the construction industry through innovative solutions.
- Investment Focus Areas: Construction Technology, Real Estate, Infrastructure
- Notable Investments: Not publicly disclosed
- Anupam Mittal
- Details: Anupam Mittal is an angel investor and entrepreneur, best known for founding Shaadi.com. He has invested in numerous startups across various sectors.
- Investment Focus Areas: General angel investments
- Notable Investments: Ola, Druva, BigBasket
What's Next for Yojak?
Yojak stands at the cusp of significant growth opportunities, particularly in the construction and real estate sectors. With a recent infusion of $3.8 million, the company is poised to expand its market reach and develop new technological solutions. This funding will enable Yojak to build robust teams and penetrate new markets, setting the stage for future fundraising rounds.
However, the path ahead is not without challenges. Scaling operations and integrating new technologies will require meticulous planning and execution. Additionally, the competitive landscape and potential regulatory changes could pose hurdles. Despite these challenges, Yojak's strategic focus on innovation and market expansion positions it well for sustained growth and future investment opportunities.
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