Imagimake Raises Financing From Velocity
Direct-to-consumer (D2C) startup Imagimake has raised an undisclosed round of financing from Velocity, India’s largest revenue-based financier. This is the second round of financing they have raised from Velocity, having previously also raised Rs 4.4 crore in pre-series A funding round from Roha Investment Managers and angel investor Saumil Shah.
Imagimake manufactures and distributes a range of innovative products – educational toys, games, puzzles, and 3D model-making sets – that help children in learning, education, and creative development. The fun and constructive play-tools facilitate holistic child development. The venture is co-founded by Disha Katharani & Ravi Kumar.
Ravi Kumar said, “Over the last couple of years, we have found excellent acceptance for our products all over the world and have also won several awards and accolades including featuring in the Holiday Toy List in the US. We now want to build on this strong foundation to scale our business and launch new product lines.”
Speaking about the round of financing Abhiroop Medhekar, Co-founder & CEO of Velocity said “We are delighted to finance Imagimake and be a part of their growth journey. We were impressed by their growth rate, focus on margins and the fact that their product has found acceptance in western markets as well. Imagimake has a good track record and is poised to double down on the market opportunity.”
Click on these links below to read the complete article:
BWDisrupt, Entrepreneur India, yourstory, indiainfoline, APN NEWS, startuplanes
Velocity is India’s largest revenue-based financier. We offer up to Rs. 3 crores to online Indian businesses. We currently cater to direct-to-consumer (D2C) and e-commerce brands. To grow your business with us, apply now and get funded within 7 days.