Kaarigar Mandi, a B2B footwear platform, has raised a seed funding of INR 1.75 crore led by Kyt Ventures. Additionally, Upaya Social Ventures, IIMA Ventures, and IIM Calcutta Innovation Park have also contributed to the funding round.
The funding will be used to enhance the company’s AI-powered technology infrastructure and support its business expansion. Kaarigar Mandi aims to grow its operations tenfold over the next two years.
Kaarigar Mandi simplifies the process, enhancing transparency across the supply chain, reducing expenses, and enhancing productivity.
Continue Exploring: D2C footwear brand Fausto makes foray into UAE market through Amazon
They offer comprehensive support to small footwear manufacturers and artisans, aiding in the growth of their cottage and micro-enterprises. They ensure artisans stay updated with the latest technology trends by providing training in current footwear techniques and styles, and facilitate their access to the internet.
Established by Ankit Kumar, Gagan Mukhi, and Hifza Afaq, Kaarigar Mandi is a startup backed by IIM Ahmedabad and IIM Calcutta, revolutionizing footwear sourcing from design to delivery.
Kaarigar Mandi serves as a comprehensive solution by meeting diverse requirements within the footwear industry. It facilitates trade in finished footwear, raw materials, essential machinery and tools, and offers financial solutions across the footwear supply chain.
Continue Exploring: Indian footwear industry set for exponential growth, projected to reach $90 Billion by 2030: GTRI Report
