RainCan raises pre Series A funding from Prabodh Agarwal and others.
21st, July 2017 - Startup funding
RainCan which is operated by Bloomskart Retail Pvt. Ltd is an online startup secured $270 000 funding in a pre-Series A round from IIFL Holdings Ltd Group CFO Prabodh Agarwal and existing investor Dr. Aniruddha Malpani.
The Pune-based company will use the money to set up a logistics platform and expand its existing network of delivery centres. “We aim to take the current four centres to 20 in Pune and Mumbai over the next few quarters,” said RainCan co-founder Munendra Singh.
Founded in 2015 by IIT Bombay alumni Singh and Abhijeet Kumar, the startup allows its registered subscribers to choose from an array of product categories, including dairy, bakery, perishables and staples. It employs a team of 60 people to source products from its distributor network and meet the three-hour door-step delivery deadline, starting six in the morning.
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