1Bridge acquires assets of eSamudaay

New Delhi: Social tech platform 1Bridge on Tuesday announced the acquisition of technology assets of eSamudaay, a startup that creates local ecommerce networks in smaller towns. 1Bridge also announced an equity funding of Rs 4 crore from C4D Partners, Sudhanva Dhananjaya Family Office and other angel investors in a bridge round, as a run-up to its larger Series A capital raise of Rs 40 crore, the company said in a statement. The Netherlands-based impact fund C4D Partners made this announcement of continued support to 1Bridge in the presence of the Netherlands’ Prime Minister Mark Rutte in Bangalore on Monday.