Delhi based Printland Digital India Pvt Ltd, which owns online printing megastore Printland.in, has recently raised INR 5 crore in funding led by SIDBI with participation of existing investors Evista Venture Capital and Sanjeev Kakar, co-founder of startup incubator Aegis Centre for Entrepreneurship.
Previously in March this year, the company reported that it had raised USD 164,000 in funding from Evista Venture Capital, though funding had happened 5 months prior to the announcement. Printland was incubated at business incubator Aegis Centre for Entrepreneurship and had raised INR 35 lakh from its director Sanjeev Kakar who had invested in the company on his personal capacity in April last year.
Launched last year in January, Printland caters to all customized corporate and individual printing and gifting requirements. By integrating automated printing, design studio and cloud technologies, Printland provides its customers with on-demand customization, printing and distribution solutions. It offers printing of business cards, letterheads, envelopes, project reports, pamphlets, brochures, posters, notepads, sticky notepad, among others.
It allows customers to customise their requirements, order and pay online. It charges INR 30 for delivery of each online gift order to an individual and in case of bulk order or outside Delhi NCR address, shipping charges vary. The firm even claims to deliver products within 48 hours for quantity up to 2000 and for higher quantity, standard production time is 4 days.
Started out by outsourcing the printing process, now Printland has a printing facility in Delhi and has over 30,000 corporate and small and medium enterprises as its clients.
The latest round of funding will be used by the company for acquiring specialised equipment and to expand its solutions to the international market.
The company had earned INR 4 crore in revenue in its first year of operations and for fiscal 2014, it expects to earn INR 12 crore.
Others dealing in the same space include Printo Document Services, Rocket Internet-backed Printvenue and Printbindaas.
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