Wogom draws $1.9 Mn in funding from Angel Investors & Family Offices

Date:

Trending

Indian online marketplace Wogom, specializing in consumer electronics and mobile phone categories for distributors and retailers, has successfully secured $1.9 million in funding from a consortium of angel investors and family offices.

The funding was secured in two phases, with $600,000 received a few months ago and an additional $1.3 million injection recently.

Speaking on the funding round, Nirav Patel, Founder & CEO, of WOGOM, said, “We are truly delighted at the confidence expressed by leading entrepreneurs who have successfully built sized companies in different areas through their investment in Wogom. Family office investing further validates the business model and the unique challenge we are trying to solve that benefits the entire ecosystem. The team is truly inspired by their vote of confidence and looks forward to scaling the venture in the months to come.”

The funds raised will be deployed strategically to support several key aspects of Wogom’s growth strategy these include expanding the platform’s market presence beyond Gujarat, substantial investments in technology to ensure that the platform remains cutting-edge, bolstering retailer financing options, and enhancing logistics capabilities to accommodate additional product categories.

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

Titan Intech Ltd To Secure Rs 200 Cr via NCDs

Titan Intech Limited, a BSE-listed company specializing in Embedded Manufacturing Services (EMS) for OEM/ODM solutions and advanced embedded systems, has announced plans to secure...

Ensuring Fair Play: AIGF CEO Roland Landers on Promoting Skill-Based Gaming in India

During an interview with TechGraph, Roland Landers, CEO of the All India Gaming Federation (AIGF), spoke about the federation's commitment to distinguishing skill-based gaming from gambling, and about the AIGF's initiatives aimed at educating stakeholders and promoting a secure and fair gaming environment in...

The Evolution of Gaming: From Traditional to Immersive Online Experiences

Gaming has undergone a remarkable transformation over the decades, evolving from basic, tactile forms...

The Role of Health Plans with Preventive Care in Reducing Financial Risk

In an era where healthcare costs are spiraling and chronic conditions are on the...

Best Trading Platforms for Forex: An In-Depth Guide

If you’re looking to dive into forex trading, choosing the right trading firms are...

Unexpected Tips To Help Maintain Your Vehicle’s Condition

When it comes to prolonging the life of your vehicle, the condition of your...

How AI is Transforming Traditional Business Roles

Artificial Intelligence has already had a significant impact on businesses and has made data-driven...

The Impact of Real-Time Market Data Solutions on Informed Trading Decisions

The world of finance isn’t stagnant; it is dynamic and ever-evolving. Every second, a...

What’s next for Battery Recycling: Innovations on the Horizon

India is accelerating its shift toward electrification and renewable energy, bringing battery recycling into sharp focus as a critical component of its sustainability journey....

AI and Workplace Equality for Women in the Digital Era

As society heads toward an age dominated by technology, a key question remains: will...

OPPO, Microsoft Teams up To Bring Advanced AI Productivity To ColorOS 15

OPPO has strengthened its partnership with Microsoft to deliver advanced AI productivity features to...

FULL SPEECH: Cardi B Addresses Kamala Harris Rally In Wisconsin

Singer Cardi B addressed a rally in Milwaukee, Wisconsin, showing her support for presidential...

build3 Launches Second Cohort of Impact Startup Academy

build3, an ecosystem championing startups that merge profit with purpose has today announced the...

Yoju Casino Online Review: A Comprehensive Guide for Enthusiasts

Welcome to our in-depth review of Yoju Casino, a vibrant online gaming platform that has been making waves in the gambling community. Whether you're...

RULOANS Sees Surge in Digital Secured Loan Demand on RUCONNECT App

RULOANS Distribution Services, an Indian financial products distributor, has reported a significant uptake in its newly launched digital secured loan offerings on the RUCONNECT app. The platform, which went live in September 2024, facilitates a completely digital process for securing home loans (HL) and...

WeVOIS Lab’s Abhinav Vashistha On Shaping the Future of Waste Management with AI

During an interview with TechGraph, Abhinav Vashistha, Co-Founder of WeVOIS Lab, discusses how it...

The Hidden World of Mega888 APK: What Casual Players Are Missing Out On

Mega888 APK is well-known among online casino enthusiasts for its thrilling games and easy-to-navigate...

Gadgets: OPPO Find X8 Series to Launch Globally with MediaTek Dimensity 9400 SOC

OPPO, the world's leading smart device brand will bring the flagship MediaTek Dimensity 9400...

LTC UPDATE: Gate io Lists Litecoin Under Meme Coins

US-based cryptocurrency exchange platform Gate.io has listed Litecoin (LTC) under its meme coin category. The...

Pokarna Engineered Stone Limited Commits Rs 440 Crores for New Bretonstone Line

Pokarna Engineered Stone Limited (PESL) said on Tuesday it will invest Rs. 440 crore...

Coinbase launches COIN50 Index To Track Top 50 Cryptos On its Exchange

Leading crypto trading platform Coinbase on Tuesday announced the launch of the Coinbase 50...

Why BITBinvest.com is Expanding Worldwide & Capturing High-Profile Trader’s Attention?

BITBinvest.com has rapidly emerged as one of the leading companies in online trading, making...

4 Key Ways Robotics May Change Warehouse Operations by 2030

The landscape of warehouse operations is poised for significant transformation by 2030 with the...

“I Will End the War in Gaza,” Kamala Harris to Arab American Community

In a final bid to win over Arab American voters in the closing stages...

FULL SPEECH: Cardi B Addresses Kamala Harris Rally In Wisconsin

Singer Cardi B addressed a rally in Milwaukee, Wisconsin, showing her support for presidential...

The Importance of Zero-Trust Security Models in Safeguarding Data

In an age where cyberattacks grow more sophisticated by the day, traditional security models...

Indusface Launches CyberShiksha program to Educate Students on Cybersecurity

Indusface, a leading application security provider for SaaS solutions, has launched CyberShiksha, a national...

Voice-Based AI and SLMs: Gnani Ai CEO Ganesh Gopalan On India’s Voice AI Boom

During an interview with TechGraph, Ganesh Gopalan, Co-founder of Gnani.ai, discussed how voice-based AI,...

MoneraCap com Review: A Deep Dive into a Transformative Trading Experience

Decision that can shape your investment journey. A well-chosen platform not only enhances trading...

build3 Launches Second Cohort of Impact Startup Academy

build3, an ecosystem championing startups that merge profit with purpose has today announced the...

4 Key Ways Robotics May Change Warehouse Operations by 2030

The landscape of warehouse operations is poised for significant transformation by 2030 with the...

VIDEO: Israeli PM Netanyahu Visits Lebanese Border, Promises Strong Action Against Hezbollah

During a recent visit to the Lebanese border, Israel's Prime Minister Benjamin Netanyahu highlighted...

“I Will End the War in Gaza,” Kamala Harris to Arab American Community

In a final bid to win over Arab American voters in the closing stages...