Onecode increases seed funding led with the aid of water bridge ventures
Virtual distribution platform onecode has raised an undisclosed amount in seed financing, led by way of early-stage challenge capital company Waterbridge ventures
Angel buyers which include former instances net chief approach officer miten sampat, haptik founder aakrit vaish, one impression founder apaksh gupta, appyhigh founder venus dhuria, in addition to rocky mohan and Siddharth Mohan of vintage monk and gourmand passport repute, additionally participated within the funding spherical.
The startup had earlier raised angel investment from the founders of dining out platform Dineout, which is owned by using times internet, part of the times organization that also publishes this newspaper.
The organization plans to use the funds to widen its consumer base, fortify technology, and to expand its group.
Onecode, based by way of manish shara and yash desai, connects new-age digital-first brands with its community of sellers to promote services and products to users who are not so tech-savvy in tier-2, tier-3, and tier-four cities.
The sellers act as a bridge among brands and clients who seek in-person interaction, training, and physical touchpoints to purchase on-line goods or services, and earn referral revenue on every transaction.
“Getting access to those segments of the market which have remained inaccessible thru the prevailing virtual channels is crucial for manufacturers in popular and d2c manufacturers particularly. One code is laying down a network of dealers at floor zero so one can take the manufacturers at once to the doorstep of customers who have in no way transacted digitally,” stated Ashish Jain, partner, Waterbridge ventures.
The company says it presently has a network of approximately 200000 dealers and tie-u. S. A. With on line manufacturers like pharmeasy, 1mg, dr vaidya’s, kaya kids, and The Man Company. It’s also in talks to onboard brands throughout categories like health, clothing, and grooming.
“one code will enchantment to brands trying other modes of selling which include 1-1 assisted sales, replicating the offline buying experience for clients,” stated onecode co-founder Manish shara.
