Bengaluru-based one-stop distribution platform for FMCG brands Dropshop has raised Rs 9.3 crore in a pre-Series A round led by Inflection Point Ventures. Existing investors Axilor Ventures and The Chennai Angels also participated in the round, with 42.vc joining the round via AngelList.
The funds raised will be used for strengthening the product and scaling up of operations for handling more FMCG brands and enter new markets like Chennai and Hyderabad.
