News Snapshot:
MobiGarage, an e-commerce platform for refurbished smartphones, on Monday said it has raised an undisclosed amount as part of its pre-series A round. The company said that the funding will help it scale operations in tier 2 and below cities and rural markets, strengthen the leadership team, build proprietary technologies and analytic engines and launch a focused D2C (direct-to-consumer) brand. The round was led by leading US venture capital fund SOSV, which also saw participation from Artesian, Inflection Point Ventures, MobAvenue, LetsVenture and some high net worth Individuals (HNIs). There are 500 million people in lower tier towns and rural...
