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India-based eCommerce startup, Kreate has raised an undisclosed amount in series seed round funding led by We Founder Circle.
The round also saw participation from angel investors including Ankesh Sagar (Head of Marketing, Workato), Sandeep Balaji (CEO, IncrementumX), and Abhishek Kishore Gupta (CEO of Turbotic).
The startup plans to exhaust the funds in team building, marketing, and product development.
Speaking on the fund infusion in Kreate, We Founder Circle’s Co-founder, Neeraj Tyagi said, “Kreate has provided an amazing scope for individual creators, local artisans, providing a platform to talented artists who struggle to sell online. They have amassed great interest from the creators as well as the consumers. Since their beginning, 85% of the sellers are women which talks about how they intend to empower women.”
“It is a great flow of economy from small town to the mainstream in the rising startup scenario. The startups like Kreate are bringing forth the small town talent and converging the economy for greater benefits. More models in the space would accelerate and contribute to the whole ecosystem and it will be a significant and noticeable mark in the whole economy”, Gaurav VK Singhvi, Co-Founder We Founder Circle added.
Commenting on the fundraise, Vittal Ramakrishna, Founder of Kreate said, “With a market currently growing leaps and bounds for creators across the nation, I believe Kreate will empower millions of creators in India.”