Page 3 - B2b Startups

Bizongo turns profitable; eyes $300 mn in annualised revenue by FY22

The tech-enabled B2B e-commerce platform for customised goods, has grown four times since the start of the year, and already surpassed $200 million in annualised revenue.

India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas

In view of the the upcoming festive season, the 'Mega Bharat Sale' will run from October 6 to October 12 on the Udaan platform

Jeff Bezos makes first-ever investment in southeast asia's e-commerce

Indonesian startup Ula offers technology solutions to small retailers and seeks to expand its base.

B2B networking platform Anar raises $6.2 mn in seed funding round

The Anar business app caters primarily to small-and-medium businesses (SMBs) across the value chain, from manufacturers to retailers and resellers, helping them connect and interact with one another

Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months

The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure

Supply chain firm Delhivery acquires Spoton Logistics for unknown sum

Samara Capital and Xponentia, which together acquired Spoton from IEP in 2018, are making a full exit for cash as part of the deal

Credit in 2 minutes for 1.5 mn kiranas under Flipkart Wholesale's new plan

The digital B2B marketplace has announced the launch of industry-first credit programmes that aim to help kiranas manage their working capital and grow their business

Flipkart Wholesale plans to triple footprint in India by serving Kiranas

E-commerce adoption by kiranas on Flipkart Wholesale doubled in Jan-June this year over last year. This is seen growing 180% in July-December 2021, over the same period last year

Amazon enters India wealth management with bet on startup Smallcase

Smallcase improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds.

Blue Tokai raises Rs 17 cr in pre-series B bridge round led by Anicut Angel

The company started out selling its specialty coffee online and via B2B partnerships; then sought to provide the complete coffee experience through cafes

India's laundry market expected to grow to $15 billion by 2025: RedSeer

As seen after Covid, there is significant adoption of online services with more users transacting online, which is favouring the overall growth of online services.

Thriwe earmarks $30 mn for acquisitions, to buy Alliances Galore

B2B consumer benefits marketplace Thriwe said it has earmarked $30 million for buyouts and is looking at acquiring 3-4 strategic assets in the next 18 to 24 months to drive business growth.

B2B sales productivity startup Nektar.ai closes seed round of $8.1 million

$6 bn tranche of funding led by B Capital Group, 3One4 Capital and Nexus Venture Partners; Ritesh Agarwal of OYO Hotels, Deep Nishar of Softbank among clutch of angel investors

Prione's 'mission' is to enable 25 mn businesses in e-commerce: CEO Jathar

Company is a joint venture between Amazon and Catamaran Ventures; it is aiming for 20 per cent year-on-year growth.

Moglix completes $3 mn ESOP buyback with 25% sale option for staffers

The company says it has expanded ESOP pool by $10 million to include more than 300 employees under the programme

B2B e-commerce startup Udaan to tap $100-bn opportunity in small-town India

Udaan is expanding into building a digital trade ecosystem and aims to have 10% of the total transactions worth $1 trillion on its platform in the next few years

Razorpay acquires Bengaluru financial risk tech company TERA Finlabs

It is Razorpay's third acquisition in almost three years and follows its foray into Business to Business lending.

B2B e-commerce co Moglix names Mukund Vasudevan SVP-strategic partnerships

An alumnus of IIT Bombay and Booth School of Business, University of Chicago, Vasudevan has held leadership positions at Ecolab, Pentair, Schlumberger, and McKinsey

After crossing $1 bn in valuation, Moglix plans to expand globally

The industrial B2B startup for manufacturing plans to tap emerging markets such as Middle East, Southeast Asia, Africa and countries such as Bangladesh, Sri Lanka and Nepal

Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza

The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals