Evenflow closes its pre-Series A round

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Evenflow closes its pre-Series A round
05 May 2022
5 min read

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News Synopsis

Recently, an E-commerce company, Even flow Brands (Evenflow), announced that it in its pre-Series A round has raised $5M. The startup collaborates with digital-first brands that sell on e-commerce platforms like Amazon, Flipkart, Meesho, JioMart, etc, and helps to scale them profitably.

The pre-Seed fundraising round of Evenflow witnessed participation from Village Global, 9Unicorns, Venture Catalysts, LetsVenture, Shiprocket, and marquee angel investors such as Emil Michael, Vijay Shekhar Sharma, Kunal Shah, Nimesh Kampani, Sandeep Varaganti, Abhishek Nag, Sony Joy, MageHold, Moving Capital, MyAsiaVC and a few others.

The startup was founded in the year 2021 by erstwhile executives of Uber, Utsav Agarwal, and Pulkit Chhabra

Evenflow takeover and scales-up third-party sellers on marketplaces via operational intelligence across the value chain-marketing, branding, cataloging, supply chain, sourcing, channel expansion, etc. The company in its statement informed that It focuses on building multi-crore brands across categories where customers do not have branded options like home & kitchen, baby care, sports & fitness, gardening, etc.

After the successful fundraising round, Utsav Agarwal, Co-Founder, and CEO at Evenflow, said, “We have acquired 7 brands and launched two private labels and managed to scale our brands steadily in the last 12 months. Our team is committed to scaling these fantastically built small businesses into everyday brands.”

 

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