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Indian-based revenue financing platform, Velocity, raised $20 million in round A funding

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Peter Thiel’s Valar Ventures have invested in the Indian-based startup, Velocity, which manages the revenue-based financing platform for DTC and e-commerce in India. In a series A financing funding round led by Valar Ventures, the firm has raised $20 million. Maninder Gulati of Oyo, Presight Capital, Zac Prince of BlockFi, Philippe da Mota of Hedosophia, and AngelList India head Utsav Somani’s iSeed also participated in the funding round, taking the company’s all-time raise to $30 million.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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