Bakkal: Raises USD3M in Seed Funding

Bakkal Raises USD3M in Seed Funding

• Bakkal, a Pleasanton, CA-based ethnic grocery marketplace in the U.S., raised USD 3M in Seed funding
• The backers included new and existing investors
• The round increased the valuation of the company to $20M
• The company intends to use the funds for technology development, growth of its engineering team and expansion of its marketing activities
• The company is an ethnic grocery marketplace which provides services to brands to market international products to the U.S market
• It launched its services in Los Angeles in late 2021 and expanded to Bay Area, California in early 2022