#Asia This startup has just raised funding to enable you to barter goods on Facebook

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Users can barter anything, from electronics to services, furniture, passes and clothing

Lets Barter India's co-founders with investors

Lets Barter India’s co-founders with investors

Let’s Barter India, a community for barter on Facebook, has raised an undisclosed amount in angel funding led by Scale Ventures, with participation from Sanjay Choudhary of CrowdInvest.

The Delhi-based startup aims to use this investment to fuel the growth, reach out new markets with the app, and build a strong team.

Pooja Bhayana, Co-founder of Let’s Barter said: “We are ecstatic about our association with Scale Ventures. The funds shall be utilised for scaling up across different cities of India, educating the market about tech enabled bartering and building a strong backbone team to fuel Let’s Barter.”

Founded in October 2015, Let’s Barter is a community for like-minded Indians to connect and barter their pre-loved goods. Let’s Barter runs a Facebook group with over 183,000 members.

Bartering is now as easy as adding a listing for your product. Other members of the community will get in touch with you with their offers. You can barter anything from electronics to services, furniture, passes, clothing etc. Post your listing for free and enjoy the offers from our community.

“Our vision is to take the concept of barter and the Let’s Barter app to all cities and towns of India. We are building an alternate avenue for Indians to get more value for their used goods, and services, rather than selling it for low prices on classified sites,” said Sahil Dhingra, Co founder, Let’s Barter India.

Rahul Narvekar, Co-founder of Scale Ventures, said, “We feel that the startup is niche but will connect with the youth of the nation as it follows the very unique module of barter. We will suggest Let’s Barter ideas to scale their business by indulging in meaningful tie-ups with e-commerce portals, restaurants and dating sites.”

Delhi-based Scale Ventures is a brainchild of Nilesh Rathi of Rathi Group of Companies and Rahul Narvekar, former CEO of IndianRoots. The VC firm invests primarily in early-in-revenue startups. Scale Ventures recently signed an agreement to acquire Ritesh Malik’s Guerrilla Ventures.

The post This startup has just raised funding to enable you to barter goods on Facebook appeared first on e27.

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