A naukri.com initiative
ISN
4w
277
Image Credit: ISN
Xportel, a startup enabling Indian businesses to go global, raises funding from Rukam Sitara, Flipkart Ventures
- Xportel, a tech-first platform enabling Indian businesses to go global, has raised undisclosed funding in its seed round.
- The funding was co-led by Rukam Sitara and Flipkart Ventures, with participation from Venture Catalysts and angel investors.
- Founded by Anshul Mahindru, Darpan Lamba, and Sanchit Narang, Xportel helps Indian SMEs and digital-first brands expand internationally.
- The capital will be used to enhance tech capabilities, operations, sales teams, and product innovation.
- Xportel aims to automate compliance workflows, customs documentation, and post-shipment tracking to streamline the export journey for Indian businesses.
- The startup envisions creating a cross-border ecosystem for pre-order processes to post-order logistics.
- Its goal is to make exports as easy as domestic selling for Indian businesses.
- Xportel aligns with India's aim to boost exports, focusing on MSMEs and digitally native brands.
- The government's target of $2 trillion in total exports by 2030 has led to a focus on empowering small and medium businesses.
- Indian MSMEs face challenges in exports due to fragmented documentation and limited access to international buyers.
- Xportel digitizes the export workflow to simplify compliance, paperwork, booking, and shipment tracking.
- The platform aims to be a comprehensive solution for India's next generation of global sellers.
Read Full Article
16 Likes
For uninterrupted reading, download the app