Can you tell me about the recent fund raising by start-up, Dukaan?

Dukaan has raised $11 million as part of Series-A funding. While 640 Oxford Ventures led the funding round, other PE funds that participated included Snow Leopard, LightSpeed Ventures and Matrix Partners. Dukan is a digital online platform for budding entrepreneurs and small shops that do not want to run their own cart for the investment it entails.

Dukaan had raised $6 million seed funding about a year back and it has just completed a little over a year of operation. It is essentially a no-code platform which facilitates local stores and individuals to launch e-commerce website and build volumes on the internet. These merchants can link their UPI interface with Dukaan to seamlessly accept payments.