Rural commerce startup VilCart raises INR 106.6 Cr in Series A funding

Rural commerce startup VilCart has raised INR 106.6 Cr ($13 Mn) in a Series A round led by Asia Impact. The round also saw participation from NABARD-backed equity fund Nabventures and Texterity.

Founded in 2017 by Prasanna Kumar, Mahesh Bhat, Rajasekhar, and Amith S Mali, VilCart offers a one-stop solution for rural brick-and-mortar stores, ranging from procuring inventory.