The report states that this investment happened five months ago and the company plans to use the funds raised for product development, upgrade its technology, supply chain automation and marketing.
Launched in January 2012, Printland.in currently offers corporate and business printing solutions which includes printing of business cards, letterheads, envelopes, project reports, manuals, certificates, flyers, pamplets, brochures, posters, notepads, sticky notepads, and stickers among others.
It also offers corporate gifting solutions like coffee mugs, travel mugs, calendars and notebooks among others and personalized printing solutions which includes printing of gifts, invites, greeting cards, T-shirts, hoodies and stickers among others.
As of January 2013, the company had claimed to have 15,000 customers, of which 80% were small and medium enterprises. The company also claims to be registering around 1,500 orders per month with an average transaction size of Rs 4,500, as indicated by the report.
Printland.in competes with Printo Document Services which has received funding from Sequoia Capital, SeedFund and Blume Ventures, Rocket Internet-backed Printvenue and Printbindaas which had received angel funding from Manoj Kumar Swain and Rajesh Garg in August 2012.