AllSchoolStuff, an ecommerce website that offers school and student supplies, has raised about $1 million from Angels Investors Consortium, and some other private investors, reports Techcircle.in. According to another report by the Economic Times, Sunil Singh, MD, India, of software R&D services company GlobalLogic has also invested in the company.
This was part of the company’s seed funding and it intends to invest the raised amount for scaling up infrastructure, improving its supply chain and for expanding its team, according to the report. It also mentions that the company aims to expand product categories to target schools offering learning equipment and essentials.
AllSchoolStuff was founded by Manoj Chandra, who was last heading the marketing portfolio for Bata India, and Ankur Garg, who founded a company focused on ecommerce technology platforms, and was launched in November 2011. Presently the webstore targets students and parents looking for text books, stationery, and other educational products, Schools looking to source school/teacher supplies and small Stationery Shops looking to source branded products from a single source. It offers products such as text books, stationery supplies, craft items and computer accessories, among others, across categories such as Books and Learning, Art & Craft, Stationery & office, activity, school supplies and gifts. Just a month back, the site had claimed to register a 3X growth month-on-month, in terms of orders and sales.
The site operates its own warehouse to stock inventory and claims to ship to most parts of the country. It offers free home delivery for orders above Rs 250 and Cash on Delivery without extra charges for orders worth Rs 500 or above.