Dukaan, the online retail platform that allows anyone to set up an online store and sell their products, on Monday announced it has secured $11 million in a pre-series A round of funding, valuing the firm at $71 million.
The round was led by 640 Oxford Ventures, with participation from existing investors Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India. Venture Catalyst and new venture firms HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns and a number of high-profile executives also participated in the funding round, which included Oyo’s Ritesh Agarwal, Carl Pei, Co-founder and the CEO of Nothing.
“This