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“Curated Marketplace Qtrove Raises $51.57 Mn Funding From Springboard Ventures”
Bengaluru-based curated marketplace QTrove has raised $51.57 Mn (INR 350 Cr) in funding from Springboard Ventures, an investment arm of Bennett, Coleman & Co Ltd (BCCL).
“Qtrove raises funding of Rs. 350 Cr from BCCL's Springboard Venture”
Qtrove said that it will be using the funds to further expand its marketing, customer acquisition efforts and vendor network through BCCL’s network of print, television, radio and digital media.
"How Qtrove Scaled E-Commerce through Social Media"
Can a business be scaled using social media platforms? For Bangalore-based Qtrove, a marketplace for handmade products, the answer is a resounding yes. QTrove, which recently raised $ 51.5 million in funding, has used platforms like Facebook, WhatsApp, Quora and YouTube to scale up its business and reach out to more sellers and customers in the last three years.
“The anti-Flipkart: Curated marketplace Qtrove’s discount-free, sustainability-driven billion-dollar global dreams”
Say you want to buy a dress. You don't have a brand, style or colour in mind, and decide to check out Flipkart or Amazon. How do you choose from the thousands of options that these marketplaces unleash upon you?
“From e-commerce to sustainable or alternate commerce”
Qtrove was started with a mission to empower local entrepreneurs that produce unique products popular in their local surroundings.
Offering a range of products spanning everything from baked goodies to incense sticks, purses, candles and bath products, Qtrove.com is not your average e-commerce platform.
"Love For Money Is Must, To Make A Business Plan Work"
Curation in the eCommerce segment often results in a profitable outcome. And once Vinamra Pandiya reflected over the chaos of customization, Qtrove came into existence.
"Our USP is our curated products from handpicked vendors across categories. We like to call it Alternative or Sustainable commerce. "
Vinamra Pandiya, CEO & Founder, Qtrove.com, is a Chemical Engineer & Software Coder by chance and Entrepreneur by choice.
“Things to Consider When Approaching VCs for Funding”
There are various sources of funding a startup can look forward to. Right from angel funding to VC funding, the process itself can be quite strenuous for a new age entrepreneur.