OneGreen Raises $1.5 Million In Pre-Series Funding
OneGreen, an eco-friendly e-commerce site, received $1.5 million in pre-series funding sponsored by Venture Catalysts, India's first integrated startup incubator.
"Enabling businesses that are driven by the pursuit of making a difference in the lives of people is the need of the hour. OneGreen gives people in India a chance to make a positive impact on the country as a whole by providing unique services that are eco-friendly, conscious and help build a cooperative, sustainable, and accountable future. We look forward to leveraging our resources and expertise to grow OneGreen into one of the largest e-commerce platforms for verified health & wellness products," shared Dr. Apoorva Ranjan Sharma, Founder Venture Catalysts, on leading the round.
Ranked as the World's No.2 Early Stage Investor by Crunchbase, 2016 established Venture Catalysts has its presence across 47 Indian cities and international locations such as Canada, Hong Kong, Singapore, the UAE, the UK, and the USA. The entity invests in ₹2-15 crore range for startups through HNIs, Family Offices, CXOs, etc.
OneGreen was created in 2020 by Abhijit Bhattacharya, Chief Business Officer, and Neha Gahlaut, Chief Growth Officer, and has already served over 18,000 products from 500+ manufacturers. The venture's concept is to supply 100% eco-friendly and sustainable products in basic categories such as grocery, breakfast essentials, snacks, beverages, home care, kids, etc. OneGreen's products are vegan, gluten-free, devoid of chemicals and preservatives, cruelty-free, and environmentally friendly.
"Green living is already the next big thing and the centre of business operations around the world. As a brand that has pioneered the concept of an exclusive platform for green-only, conscious, and sustainable products, OneGreen is now set to enter the next phase of growth with this funding round. Through our customer-centric approach, we aim to become the enabler of a mass movement toward sustainable living in the times to come. The funding will also help us widen our market reach and coverage and provide a platform to brands that are focused on leaving a better planet for our future generations," said Neha Gahlaut, Co-Founder & Chief Marketing & Growth Officer, OneGreen.
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Source: Entrepreneur
