Otipy, a social commerce platform, gets $10.2 million from SIG

Image credit: Otipy

Otipy, a social commerce platform for fresh produce, has raised $10.2 million (Rs 76 crore) in a Series A funding round led by SIG, which has backed Inshorts and Mobile Premier League in India.

Founder Varun Khurana said the funds will be used to enter additional categories for perishable items, such as milk and bread, as well as expansion into other cities. Otipy sells groceries through a reseller model. Omidyar Network India and existing investors IPV (Inflection Point Ventures), Pravega Ventures and Factor(e) Ventures also participated in the round.

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