Shiprocket Huddle Plan Up To 1 Mn Funding In Startups

Shiprocket Huddle Plan Up To 1 Mn Funding In Startups

The Rocketfuel X Huddle accelerator program is geared toward investing round USD 1 million in direction of mentoring D2C startups from early to progress levels.

Digital logistics platform Shiprocket on Thursday stated it has partnered with sector-agnostic accelerator Huddle to launch an accelerator program geared toward investing round USD 1 million in Direct-to-consumer (D2C) startups.

The Rocketfuel X Huddle accelerator program is geared toward investing round USD 1 million in direction of mentoring D2C startups from early to progress levels.

Rocketfuel X Huddle will settle for functions until October 22, from related startups that promote merchandise on to customers.

“Focussing on D2C startups within the meals and drinks, magnificence and private care, style and attire, and residential enchancment classes, the accelerator program will look to take a position as much as USD 1 million with fairness funding ranging from USD 100 thousand per startup to again early and progress stage client ventures,” Shiprocket stated in a press release.

This system additionally affords prompt entry to revenue-based financing beginning at USD 30,000 per startup, infrastructure throughout back-end and front-end help for startups and credit as much as USD 500,000.

“Shiprocket, together with Huddle, has backed/accelerated and invested in over 100 startups which have gone on to revolutionize their respective industries. With this program, we purpose to create a progessive ecosystem that can additional drive the expansion of rising D2C startups within the nation,” Saahil Goel, CEO, and Co-Founding father of Shiprocket, stated. 

(PTI)

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