Online B2B marketplace Shotang raises Rs 33 crore in funding

Online business-to-business ( B2B) marketplace Shotang has raised Rs 33 crore in a funding round led by Exfinity Venture Partners and Unitus Impact.

“Distributors face pressure from ecommerce companies and the unreliable nature of collectors and delivery partners deployed by them accentuates the risk. Shotang automates the process which has so far been reliant on the feet-on-street model,” said Shailesh Ghorpade, managing partner and CIO of Exfinity Venture Partners.
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