Undergraduate student startup Bookvala has raised $180K at a valuation of $1.8M in an ideation round led by leading investors in India.
An India-based startup with a focus on revolutionizing the book industry, Bookvala, has raised $180K in Ideation round to build the next generation of startups and use blockchain technology to modernize the book industry.
Investors participating in this round include Avidity Services Pvt. Ltd., Hemant Wadhwa, Director of Unicom India Pvt Ltd, Ms. Prabhdeep, Partner of The Little Seekers, Rajeev Gupta, Director Godavri Trading Co Pvt Ltd and Angel investor Rajesh Bansal.
Bookvala is a student-led startup recognized by Startup India. Bookvala is from Books to Blockchain, wherein senior secondary students can buy and resell their books in 3 minutes with the innovation of a coin-based system and can trade in crypto.
The founders include Varun Bali, Raghav Bali, and co-founders Lakshay Kalra and Ujjwal Pratap Singh, who are undergraduate students from Chitkara University.
The startup will use the funds for technology building and bolster its presence in the Indian market, along with focusing on its base team, which will carry the company’s name forward.