Xpand, a platform enabling brands to reach the untapped, unserved & affluent rural pockets, has raised $ 1.5 million in a pre-Series A funding round.

Led by Akash Prakash (CEO, Amansa Capital) along with other highly successful professionals and HNIs, including Dipinder Sandhu, Shagun Khandelwal and Madhu Jayakumar, Xpand has raised this funding round at a valuation of approximately $10 million.

The company plans to use the raised funds to enhance the in-house tech capabilities and build a trained, tech-savvy, and efficient geo-local sales force.

Xpand | Helping Brands Enhance Their Rural Footprints

Started by Sanjay Kaul along with industry veterans Sanjay Panigrahi, Sankalp Potbhare, Pradeep Kaul and Nidhi Singh, Xpand is a two-month operational B2B aggregator under Last Mile Channel Enhancement (LMCE) that is helping brands enhance their rural footprints.

Speaking on the development, Sanjay Kaul, Founder and CEO of LMCE, said, 

“With Xpand, we are connecting retailers and companies on a single platform to solve their last-mile challenges. Simultaneously, we would empower and enable traditional Kiryana to leverage technology to streamline their operations and widen their portfolio.”

Sanjay Kaul also said the raised funds will help them further their goal of ‘speed to scale.’

He added,

“We have already made substantial investment in the pre-incorporation stage towards technology & market prioritization. The raised funds will help us further our goal of “speed to scale” and give thrust to our tech endeavors. We are delighted to have received this support from marquee investors like Mr. Akash Prakash at the early stage.”

With Xpand, the team aims to reach 16 states, 30K villages, and over three lakh+ retailers by 2023, stated Nikhil Kaul, COO at LMCE. He added that the B2B aggregator platform further plans to strengthen its hold in rural India by expanding to at least 18% of Kirana stores and scaling up to 33% of the total potential by 2025.

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