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§ Private Profile · Gurgaon, Haryana, India
Tech-driven distribution network modernizing kirana stores, connecting merchants with manufacturers in small towns across India.
1K Networks is a Gurugram, India-based retail technology company that operates an omnichannel distribution network connecting traditional kirana stores directly with consumer goods manufacturers. The business digitizes supply chains and provides sourcing, branding, and inventory management services to over 1,000 retail stores serving more than one million consumers across Tier 2, 3, and 4 Indian cities. In mid-2023, the company restructured its operations and laid off approximately 40% of its workforce to conserve capital amid a broader funding slowdown. 1K Networks has raised $36 million in total funding, including a $25 million Series B round in 2022 backed by Alpha Wave Global, Info Edge Ventures, Kae Capital, and 1Crowd. The company was founded in 2018 by Kumar Sangeetesh, Sachin Sharma, Abhishek Halder, and Anilesh Yadav.
1K has raised $35.8M across 3 funding rounds.
1K has raised $35.8M in total across 3 funding rounds.
1K has raised $35.8M across 3 funding rounds. Most recently, it raised $3.8M Series B Extension in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 29, 2024 | $3.8M Series B Plus | Alpha Wave Ventures | KAE Capital | Announced |
| May 23, 2022 | $25M Series B | Navroz D. Udwadia, Kitty Agarwal, KAE Capital | Amrit Acharya | Announced |
| Aug 17, 2021 | $7M Series A | Falcon Edge Capital, InfoEdge Ventures | Chanakya Hridaya, Hari TN, Rajesh Yabaji, Gaurav Chaturvedi | Announced |
1K has raised $35.8M in total across 3 funding rounds.
1K's investors include Alpha Wave Ventures, Kae Capital, Navroz D. Udwadia, Kitty Agarwal, Amrit Acharya, Falcon Edge Capital, InfoEdge Ventures, Chanakya Hridaya, Hari TN, Rajesh Yabaji, Gaurav Chaturvedi.