The Vinculum Group receives its first portion of the Series C funding round, which is a mix of debt and equity.
The funding round was led by Shiprocket, who was the corporate anchor investor. The sum remains undisclosed, and the debt financing was provided by Accel Partners and Recur Club. The founders of the company also increased their stake in the Series C round.
This development was seen after Delhivery made a calculated investment in Vinculum. As stated by Delhivery, it is the initial part of a two-stage deal. This deal will provide an option to increase Delhivery’s shareholding after 6 months in Shiprocket. The startup is also targeting D2C enterprises with the expectation that this investment will nourish its position as fulfillment solutions provider.
According to Delhivery, a complete integrated stack will be built by the two platforms, to confront the whole area of post-purchase requirements of a D2C brand. Delhivery claims that Vinculum’s OMS (Order Management System) will be a fully integrated E2E offering.
“We are thrilled with the successful completion of the first tranche of our Series C round. This funding round reaffirms the tremendous potential and allure of SaaS software and the omnichannel retailing sector,” says the CEO of Vinculum Group, Venkat Nott.
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