What is ReshaMandi?
Based out of Bengaluru, India, ReshaMandi operates as a comprehensive silk supply chain management platform provider. The company aims to streamline the intricate processes involved in silk production and distribution, connecting various stakeholders from farmers to manufacturers and retailers. By leveraging technology, ReshaMandi seeks to enhance transparency, efficiency, and profitability across the entire silk value chain, addressing long-standing challenges in this traditional industry.
How much funding has ReshaMandi raised?
ReshaMandi has raised a total of $31.7M across 2 funding rounds:
Angel/Seed
$1.7M
Series A
$30M
Angel/Seed (2021): $1.7M with participation from Strive Ventures and Omnivore Technologies
Series A (2021): $30M led by 9Unicorns, Omnivore Technologies, Creation Investments, Venture Catalysts, Sandeep Singhal, and Brijesh Agarwal
Key Investors in ReshaMandi
Omnivore Technologies
Omnivore is a technology company that connects restaurants' Point of Sale (POS) systems with technologies that improve efficiency and increase profitability. More than 22,000 restaurant locations are using the technology to solve operational challenges that range from third-party delivery to pay-at-the-table methods and to quickly adjust to changing consumer behavior. Restaurant icon Chris Sullivan is the catalyst behind Omnivore, which is based in Clearwater and successfully closed a $13 million Series A with investments from The Coca-Cola Company, Performance Food Group and Tampa Bay Lightning owner Jeff Vinik in 2018.
9Unicorns
100 Unicorns is an accelerator program dedicated to transforming and accelerating early-stage companies into successful ventures. It provides support beyond capital, including mentorship from experienced founders, strategic guidance, and access to a vast network of global investors and industry leaders. The program aims to help visionary entrepreneurs turn their innovative ideas into category-leading businesses, fostering significant growth and global impact. With a focus on building strong governance and trust, 100 Unicorns is committed to nurturing the next generation of unicorns in various sectors.
Creation Investments
Creation Investments Capital Management, LLC specializes in impact-driven private equity and credit portfolios aimed at enhancing financial inclusion in emerging markets. The firm focuses on investing in financial services firms that cater to the unbanked and underbanked populations, with a commitment to improving social and financial growth. With over $1.6 billion in assets under management and 19 years of experience in impact investing, they have served 60 million clients. Their diverse portfolio includes more than 40 unique investments across various emerging markets.
What's next for ReshaMandi?
With substantial backing, ReshaMandi is poised for accelerated growth and expansion. The recent strategic investment is likely to fuel further technological development, enhance its operational footprint within India, and potentially explore new market opportunities. The company's focus on digitizing the silk supply chain positions it to capitalize on increasing demand for traceable and ethically sourced materials, solidifying its role as a key innovator in the agri-tech and supply chain management space.
See full ReshaMandi company page
