# RapidBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rapidbox

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.rapidbox.in
- Total disclosed funding: $7.1M
- Latest round: Series A (Nov 24, 2022)
- Investors on record: 5

## About

Based in Bangalore, India, and founded in 2019, Trusource Technology Private Limited, trading under the name RapidBox, operates as an online direct-to-consumer fashion brand and social commerce company that offers footwear, apparel, and accessories. The company was co-founded by Arun Paliwal and Manoj Baranwal. In 2019, the company received seed funding from India Quotient. In 2020-2021, the company has expanded its presence into more cities in India and grew its business three times. In 2021, the company received venture debt funding from BlackSoil Capital.

RapidBox's mobile shopping platform is developed by the company as a social commerce platform where users are able to buy apparel and footwear at factory prices and share these products with their connections for a chance to get RapidCoins which can be used to get products, gadgets, and traded for cash.

## Funding rounds

- Series A, Nov 24, 2022, $4.5M — SIG Asia Investment, India Quotient, Tanglin Venture Partners
- Series A, Apr 19, 2021, $0.7M — Tanglin Venture Partners, Vernalis Capital Private Limited
- Series A, Mar 28, 2020, $1.1M — India Quotient, Tanglin Venture Partners
- Seed, Jun 5, 2019, $0.8M — India Quotient, AL trust

## Investors

- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed, Series A
- AL trust — Seed
- Tanglin Venture Partners (https://capitalatlas.ai/funds/tanglin-venture-partners) — Series A
- Vernalis Capital Private Limited — Series A
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series A