Lal10

United States - New York, New York

• 22/07/2022
• Series A
• $5,500,000

Lal10 is an online wholesale marketplace for rural SMEs in India. We are creating a maker’s revolution by digitizing small and medium rural manufacturers to take their sustainable products to global markets. With CoVID layers of middlemen who were traditionally involved in the trade have vanished. This has created an immediate need to digitize these rural SMEs across the country and connect them to retailers for the growing demand of sustainable goods globally. The B2B rural-sourcing market is large, highly disorganized, and geographically disaggregated, but with the advent of inexpensive, ubiquitous internet & smartphones across even the rural corners of India, this sector is ripe for disruption. There is an untapped opportunity to leverage technology & software applications to leapfrog the challenges and build a robust global supply chain connecting SMEs with retailers in India and overseas.

We believe that the future of retail is local. We offer a wide assortment of sustainable products for SMBs who traditionally have been dependent on offline tradeshows and exhibitions for sourcing.

Lal10 has connected 1800 such SMEs across 28 rural districts across India to global retailers using the Karigar Application.
India has a total of 9.1 Million rural SMEs and their contribution to the global market is over $7 Billion.

Related People

Maneet GohilFounder

India - Delhi

Maneet Gohil is the Co-founder and CEO of Lal10. He started Lal10 with a vision of bringing light into the lives of MSMEs with a fragmented supply chain in creative manufacturing, and hence Lantern (Lal10). Maneet’s grandfather had a footwear manufacturing unit. Due to a lack of market access and capital the unit couldn’t sustain itself. He is a second-generation engineer and he went back to his family roots of manufacturing to drive value for such MSMEs. Lal10 is an ecosystem driver for MSMEs and solves the problem of global market access, working capital, raw material sourcing, and design to make the products more contemporary and global.

Today Lal10 has 600 MSMEs being actively impacted. Maneet has worked for Flipkart and consulting before he started Lal10. Among his many recognitions, in 2019 Forbes India named him a "30 under 30" awardee, Entrepreneur 35 under 35, and he has been a TedX speaker. Maneet is also a fellow of Westerwelle Foundation, Berlin; Global Social Benefit Institute at Miller Center in Santa Clara; Acumen and Action for India.

Maneet has a Bachelor of Engineering from Delhi College of Engineering and a PostGraduate Diploma in Industrial Management from the National Institute of Industrial Engineering.

LinkedIn https://www.linkedin.com/in/maneetgohil/?originalSubdomain=in