BENGALURU: Thrasio-style e-commerce venture 10club on Tuesday said it has raised $40 million, in what is touted to be one of the largest seed funding rounds raised by an Indian startup. The round was co-led by Fireside Ventures and an undisclosed global investor active in the space. 10club will use the fresh funds to expand its portfolio of brands, invest in building its technology stack, and for working capital purposes. As a part of the transaction, Vinay Singh, partner at Fireside Ventures will be joining 10club’s board. Together with the team at 10club, we will be able to drive this change and enable e-commerce entrepreneurs to realize the full potential of their brands," said Vinay Singh, partner, Fireside Ventures.

Source: Mint June 29, 2021 09:00 UTC