Lal10, a wholesale cross-border platform, on Thursday, announced that it is expanding its footprint in Japan in association with Spiral Ventures. With this, the compnay has created a Japan-dedicated platform for the buyers, japan.lal10.com, who want to source ethically made artisanal products from verified Indian craft manufacturing MSMEs. The team hosted a road show where it partnered with trade bodies, buyers, and prospective investors in the last week of July in Japan.
The company is a tech-enabled full-stack platform for craft-based MSMEs with over 2200 craft MSMEs using the application to digitize their inventories, get skilled with contemporary design trends, and source raw materials directly from factories for global wholesale. By building a cross-border platform for empowering Indian craft-based MSMEs across the smaller towns and cities of India, Lal10 aims to create a systemic change with their efficient tech-enabled supply chain for better visibility and transparency of global buyers to procure goods from India.
Maneet Gohil, co-Founder and CEO, Lal10, said in a statement, “We are glad to announce our expansion in Japan. Thanks to Spiral Ventures for believing in the Lal10’s mission and helping us launch for Japan. At Lal10, we work with 2200 verified MSMEs and 45,000 digitized products from Tier II, III, and IV belts in India, creating ethically made and sustainable craft products in contemporary designs. Our efforts with Spiral’s support will ensure we enter the markets efficiently. We met mid to large size buyers and prospective next round Investors during our roadshow.”
Yuji Horiguchi, Chief Executive Officer & Managing Partner, Spiral Ventures, said in a statement, “Global demand for high-quality, sustainable home furnishing products and apparel has increased over the last few years. Lal10 is creating a systemic change in fulfilling this demand. We are excited to support their vision of building an efficient tech-enabled supply chain connecting Indian artisans to the world and also facilitate their next round of investments and entry into the Japanese market.”