E-commerce roll-up platform Evenflow has raised an undisclosed amount in a pre-Series A round of funding from Village Global, Venture Catalysts and 9Unicorns. Angel investors such as Emil Michael, Anand Chandrasekaran, Vijay Shekhar Sharma, Kunal Shah and micro VC fund MageHold along with few others also participated in the round.
The startup plans to use the fresh funds to expand its team, make more acquisitions, and enhance its tech and operations.
Launched in 2021, Evenflow is similar to the popular Thrasio-style model which acquires third-party brands that sell on Amazon and helps build on their growth. The Mumbai based firm has already made 3 acquisitions and aims to acquire over 50 such Indian brands over the next 12-18 months.
The investment in Evenflow marks Village Global’s entry into the Indian e-commerce aggregator space, a San Francisco-based VC backed by successful entrepreneurs like Jeff Bezos, Bill Gates, and Anne Wojcicki.