E-Commerce Startup Yodacart secures $225,000 from Ajith Daniel & Others

Yodacart, an e-commerce start-up founded by Vikas Sharma, an XLRI Jamshedpur student, has received $225,000 in pre-seed capital from Ajith Daniel, a New York-based Angel Investor. Ajith, by the way, is an XLRI alumnus. Yodacart is a company that specialises in last-mile logistics, same-day delivery, and customer service using Artificial Intelligence (AI) and Machine Learning (ML).

"With an existing presence in Maharashtra and covering more than 350 SKUs, the company plans to use the funds to enhance the platform, expand product categories, and expand nationally, growing its services by 50X within the next year. As part of the funding investment, Yodacart will also receive support from two portfolio companies headed by Ajith Daniel," a company statement said.

Speaking about the funding, Ajith Daniel, said, “Yodacart has a keen understanding of the ground realities in this dynamic space. Having gotten their hands dirty over the last few years, they have poured their learnings into this unique platform and customer-centric approach. Their revenue growth over the last few years instils confidence in their capabilities to transform the way consumers purchase electronic products and enhance their post-purchase experiences. Through this investment, I expect Yodacart to further enhance and deliver highly personalised and simplified product discovery solutions for its customers, fundamentally transforming customer experience”

“So far, our specialisation has primarily been in five consumer electronics categories, including Air Conditioners, Televisions, Washing Machine, Refrigerator, and Water Purifier. Through this funding, we aim to further enhance the user experience for our customers, expand operations on a country-wide scale, and deliver efficient and easy solutions for the evolving customer of today,” says Vikas Sharma, Founder and CEO of Yodacart.

According to a company release, the company would begin in Pune in January 2022, with intentions to extend to Delhi and Gurugram later that year.