6Degree raises $1 million funds for business expansion

To ramp up operations, business-to-business (B2B) retail platform, 6Degree has raised $1 million from Hyderabad headquartered SucSEED Indovation Fund, Kieretsu Forum, SucSEED Angel Network and AngelBay.

The fund will help it ramp up operations of flagship product software platform, Honeycomb. The platform is currently being leveraged by the company’s 600 fashion and lifestyle brands. It is specifically designed to enable such brands to go digital and extend it to an omni-channel space, says Nikhil Hegde, Co-Founder, 6Degree, The onset of the pandemic has led to a three times growth in the company’s revenues to Rs 13 crore in fiscal year 2020-21. It expects to grow almost 5-times this year, and onboard over 3,000 brands for its Honeycomb platform.

The seven-year old startup provides a software platform, Honeycomb, to fashion and lifestyle brands, helping them publish and manage inventory, track and manage orders as well as boost sales online.