Startup VilCart raises USD 18 mn from investors to expand operations

Rural economy-focused technology startup, VilCart has raised USD 18 million (Rs 144 crore) from investors to expand operations, PTI reported.

Asia Impact SA led funding in series A funding where the company raised this amount.

VilCart aims to expand its operations to the entire South India by 2024.

VilCart, which was established in 2018 by Prasanna Kumar and Amith S Mali.

It seeks to revolutionise the rural unorganised retail industry with technology by providing quality products.

Products will be given away at a competitive price to every rural household with modern supply chain and logistic facilities.