wordpress blog stats
Connect with us

Hi, what are you looking for?

Qtrove raises funding of Rs 350Cr from BCCL’s Springboard Ventures

Banglore-based curated marketplace Qtrove has funding of Rs 350 Crore funding from Springboard Ventures, an investment arm of Times Group’s holding company Bennett, Coleman & Co Ltd (BCCL).

Qtrove said that it will be using the funds to further expand its marketing, customer acquisition efforts and vendor network through BCCL’s network of print, television, radio and digital media.

Founded by Vinamra Pandiya, Qtrove exhibits & sells non-factory made products such as candles, gift boxes, bakery goods, hand-made soaps, craft products, home decor, pet supplies etc. The company said in a statement that it aims to become ‘Etsy’ of India, and is looking to establish Qtrove as a default choice for customers looking for natural and sustainable products for their day to day usage.

Qtrove had raised angel funding from Growthsory in 2015 and is been promoted by K. Ganesh.

Competition

Qtrove will face competition with e-commerce players like Amazon and Flipkart, as they list all kinds of products (including pure cow dungs). However, marketplaces like Qtrove can have an edge over popular e-commerce platforms as it will cater to a niche. Besides, there are a number of marketplaces like Craftsvilla, selling handicraft products, either consumer-to-consumer or merchants-to-consumer.

Advertisement. Scroll to continue reading.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ