Frendy, a community group-buying platform, has increased the size of its Series A round, closing at Rs 23 crore ($3 million). The startup had raised a smaller tranche from investors in December 2021.
Frendy’s new round has seen participation of the Desai Family office and new investors via Let’s Venture Angel Fund led by MARV Capital from New York, Centera Fund UK and angel investors such as Shalabh Mehrish, Jon Piebenga, Brian Giarocco, Ground Swell Capital, among others..
Founded by Sameer Gandotra and Gowrav Vishwakarma, Frendy has a team of 100 employees including its in-house technology team. The start-up has expanded in stealth mode with operations in over 25 Tier 2-6 towns and over 4,500 products. The firm has recently expanded its reach by foraying into Rajasthan with Madhya Pradesh next on the cards.
Customers get all the information on deals, offers & products on the WhatsApp groups run by Frendy Partners. Frendy Partners, who the company said are largely female “entrepreneurs”.