Chennai, Dec 16– Retailers networking platform Netree raises Angel Round investment from The Chennai Angels on LetsVenture.
The Chennai Angels (TCA) and LetsVentures(LV) today announced their participation in an undisclosed Pre-Series A investment in Netree, engaged in creating a retailer oriented networking platform that helps the retail industry stake holders to interconnect directly with the small and medium retailers.
“We feel the understanding of the retail market, quality of solution, initial marquee customer adoption, potential scale of the market and hunger of the entrepreneur makes Netree a strong candidate for investment.” said Gowri Shankar Subramaniam,CEO at Aspire Systems and lead investor Quote”, said Mr. Gowrishankar Subramanian who lead the investment from The Chennai Angels.
“With the demonetization and GST implementation being digital, technology adoption is bound to accelerate among Indian retailers and supply chain. The founders are leading this wave, having built a product specifically designed for Indian SMB Retailers, thereby creating a network of all stakeholders. Netree is a great example of a startup which is truly contributing towards a Digital India! We are excited to have enabled the fundraising from investors across India, Singapore and the US on our funding platform.” said Shanti Mohan, Founder of LetsVenture.
“There are multiple small software available in the market in a fragmented manner for retailers to manage their inventory and sales-business. However, none of them fulfils retailers’ need end to end. Netree is an end to end solution that will enable retailers to take full control of their business, whilst engaging with their customers, suppliers and inventory seamlessly. Our ecosystem helps manufacturers, distributors, banks and other stake holders of the retail industry to get engaged with the last-mile retailers in real-time” said Mr. Desi Valli, founder & CEO of Netree. He added that he is happy to have The Chennai Angels as its investor and funds will be used for technology enhancement, business development and expansion.
Netree E-services Pvt Ltd is one of its kind most disruptive and fastest growing Internet technology company in India that works to revolutionise the retail industry. Netree builds a retailers-oriented networking platform that makes the retail industry stake holders like principals, manufacturers, brands and distributors to connect with the retailers, including small and medium retailers, in real-time thus helping everyone to exchange information relevant to each other, leading to better engagement and productivity.
About The Chennai Angels
The Chennai Angels (TCA, www.thechennaiangels.com) is one of India’s most active angel investing groups. Founded in the year 2007, it is comprised of successful entrepreneurs and business leaders with a track record of starting and scaling large enterprises. Additionally, several seeds and venture capital firms hold institutional membership in the group. TCA portfolio companies benefit from the collective expertise and Rolodex of its members.
Founded in 2013, LetsVenture enables start-ups and investors to discover and connect with each other. There are 12000+ start-ups and 2000+ investors on the platform. Once a startup has verbal commitments from investors, we help them in the funding closure process through our Commitment-to-Closure package. The package takes care of closure of term sheet & shareholders agreement, and complete legal & financial due diligence. LetsVenture has enabled more than 85 startups to raise over $35mn.