With an aim to empower local retailers, France-based Ankorstore, an online platform connecting up-and-coming brands with neighbourhood retailers, has reportedly raised €25M in its Series A round of funding led by Index Ventures.
Besides, existing investors, including GFC, Alven and Aglaé, also participated in the current round. The raised capital will be used by the startup to add more independent shop partnerships and to expand beyond its existing eight European markets, including the UK by next year.