Kaarigar Mandi Secures Funding to Empower Artisans and Footwear Businesses

Karigar Mandi Secures Funding
Preeti Bali / 1:15 pm / April 5, 2024

Kaarigar Mandi, a company that connects traditional artisans with modern bulk footwear buyers and fashion brands, has secured an undisclosed amount of funding. The round was led by prominent investors Kalaari Capital and Foundamental, with additional participation from Upaya Social Ventures, IIMA Ventures, and IIM Calcutta Innovation Park.

Funds to Fuel Growth and Infrastructure Development

The company plans to utilize the fresh capital for strategic business development initiatives and the expansion of its technology infrastructure. This investment will empower Kaarigar Mandi to further streamline its operations and enhance its offerings.

Empowering Artisans and Fostering Economic Resilience

Ankit Kumar, co-founder of Kaarigar Mandi, expressed his enthusiasm regarding the funding in a press release. “Our foundation is intended to connect the current hole between talented craftsmans and present day mass purchasers,” he expressed.”This funding will enable us to strengthen our infrastructure and expand our reach significantly. Ultimately, our goal is to create a thriving ecosystem for footwear businesses, while simultaneously promoting economic resilience among the artisan community.”

Bespoke Solutions for Footwear Industry

Founded by Ankit Kumar, Gagan Mukhi, and Hifza Afaq, Kaarigar Mandi caters to the specific needs of bulk footwear buyers and fashion brands. The company offers a unique blend of traditional craftsmanship and modern design sensibilities, providing bespoke solutions that meet the evolving demands of the footwear industry.

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