Craft MSME focused Lal10 gets $5.5M to expand in global markets
Lal10, a wholesale cross-border platform for Indian craftsmen, has received $5.5 million in debt and equity in its pre-Series A financing. The funds will be used to grow throughout the United States, Japan, and the Middle East, according to the firm. Lal10, a wholesale cross-border platform for Indian artisans, has secured $5.5 million in pre-Series A debt and equity funding led by Yuj Ventures (Xander Group) and Beyond Capital Ventures. The capital consisted of $4 million in stock and the remainder in debt. The round was also attended by Spiral Ventures, Singularity Ventures, Asymmetry Ventures, Blacksoil, Panthera Peak, and Pegasus FinInvest. Angel investors that participated in the investment round included Nitish Mittersain of Nazara TechnologiesNSE -0.69 percent, Bikky Khosla of TradeIndia, Ashok Gudibandla of Notion, and Kishore Ganji of Astir Ventures. The funding will be used to expand throughout the United States, Japan, and the Middle East, as well as to ex...