Lal10 gives craft-based MSME suppliers access to Japanese market with latest expansion

Noida, Aug 18 (KNN) Noida based startup Lal10 has announced that it is expanding its footprint in Japan in association with Spiral Ventures which will benefits its verified Indian craft manufacturing MSME suppliers.

The startup has created a Japan-dedicated platform for the buyers, japan.lal10.com, where customers can source ethically made artisanal products from verified Indian craft manufacturing MSMEs, as per a press release.

Lal10 is a cross-border wholesale platform for Indian creative MSMEs in craft-based supply.

Speaking on the expansion, Co-Founder and CEO, Maneet Gohil of Lal10, said, “We are glad to announce our expansion in Japan. Thanks to Spiral Ventures for believing in our mission and helping Lal10 launch in Japan.”

“At Lal10, we work with 2200 verified MSMEs and 45,000 digitized products from Tier II, III, and IV belts in India. Our efforts with Spiral's support will ensure we enter the markets efficiently,” said Gohil.

Yuji Horiguchi, Chief Executive Officer & Managing Partner, Spiral Ventures, said, "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." 

The team hosted a road show where it partnered with trade bodies, buyers, and prospective investors in the last week of July in Japan.

It has built a niche supply base of over 2200 verified MSMEs and 45,000 digitized products from Tier II, III, and IV belts in India.

The startup 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.   (KNN Bureau)