Fri. Mar 29th, 2024
Scale Labs raises ₹68 crores in seed fundingScale Labs raises ₹68 crores in seed funding

Scale Labs, a cross-border e-commerce service provider for brands and online retailers has raised nearly ₹6.8 crores ($1 million) from GPA Group, led by Vivek Agarwal. The funds raised will be used to develop tech products and to acquire an Indian company that has developed its service and fulfillment capabilities in India, Dubai and Hong Kong.

Scale Labs is an e-commerce enabler for other online retailers helping them scale their businesses internationally. It was founded in 2016 by Kiran Kumar and Pramod Panchagnula and has its headquarter in Delhi/NCR.

It provides cutting-edge business solutions to its clients with the products and services such as E-Distribution network, Technology solutions, and Fulfilment solutions. Scale Labs has learned a lot from its stint as an e-commerce player and it is now a leader in the e-commerce service industry.

Kiran Kumar, Co-founder and CEO said, “We started out as an e-commerce platform in 2013, but with time we realized that for our international expansion there were several bottlenecks.”

The company has a number of clients from countries like India, China, Singapore, Switzerland, Dubai, and Germany. The clients who have already used their services include, VLCC, BellaWave, Alberto Torresi, Lino Perros, etc. Small brands find it difficult to navigate in the international markets and Scale Labs has found its clients in these brands. There are over 250 brands who are currently Scale Labs clients.

Kiran said, “In Southeast Asia, the scale of operation is way better than India, the number of people who do transactions is way more than what we do in India. In short, People look for ‘more value for their money’ in India, while in other countries, we have observed to ‘value product more than money’. ”

Considering the experience Scale Labs has acquired by helping its clients scale their businesses using its services like warehouse and logistics solutions and other tech products. It is the right time for it to expand and capture the untapped market.

By Varun

Startups | Books | Ideas

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