Cross-border ecommerce Scale Labs raises $1 Mn
Scale Labs, a cross-border e-commerce enabler for brands and online retailers, has raised nearly $ 1 Mn seed funding from GPA Group, led by Vivek Agarwal, said co-founder and chief operating officer Pramod Panchagnula.
The Gurugram based startup will utilize these funds for tech development and expand its operations in India, Dubai and Hong Kong through acquisitions.
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This e-commerce enabler for brands and online retailers help to Scale their business in international markets. They envision to enable brands with cutting-edge business services and tech products to address a global audience and to let their clients pioneer as a global trend.
Kiran Kumar, Co-founder, and CEO of Service Labs said in an interview to INC42,” Despite the potential of reaping in high-value orders, and even high-ticket size funding in due course of time, we believe that Scale Labs found the right opportunity in cross-border services.”
Scale labs offers a variety of services to its clients like:
ScaleX: A product feed automation tool for brands, it enables sales across multiple online channels
Scale Ship: A shipping automation tool for brands to fulfill their B2C orders across marketplaces, dot-com stores etc.
Scale Freight: An all in one freight solutions comparison tool for brands to fulfill their B2B shipments.
Through these models, the company earns commissions of about 5-15% and with this has been able to clock in revenues of about INR 80 Lakhs to INR 1 Cr every month.