B2B online marketplace Tolexo to lay off 300

layoff_tcOnline business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiative. The company […]

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Mobile B2B marketplace Wydr raises Series A funding

WydrMobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new […]

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B2B marketplace OfBusiness raises $11 mn from Zodius Capital, Matrix Partners

For-OfBusiness-Story-TC_ThinkstockPhotos-607900634OfBusiness, an online marketplace focussed on business-to-business (B2B) commerce, has secured $11.1 million (Rs 75 crore) in a Series B round of investment led by Zodius Capital. The technology-focused venture capital firm made the investment through its Zodius Technology Opportunities Fund. The round also saw participation from existing investor Matrix Partners, the company told TechCircle.in. […]

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B2B marketplace Udaan raises funding from Lightspeed

For-Lightspeed-Story-TC_ThinkstockPhotos-177339124_feBusiness-to-business (B2B) marketplace Udaan.com has raised an early stage investment from Lightspeed Venture Partners, it said in a statement. Techcircle could not ascertain the amount raised, but several media reports said the startup raised $10 million (Rs 66.5 crore). Udaan, founded by former Flipkart employees Amod Malviya, Sujeet Kumar and Vaibhav Gupta, is operating in […]

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B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

bizogoSmartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money to expand its seller base, build automation, improve supply chain and […]

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How B2B marketplaces are riding the SME wave

Team-BizongoSanket Gupta, owner of Pune-based plastics products maker Shri Ram Plastics, hasn’t had to deal with the polymer traders in Pune and Mumbai since a business partner told him about online B2B marketplace Bizongo. He now buys goods worth Rs 10-12 lakh a month on the Bizongo platform. “We make the payment in the morning […]

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Accel seed funds industrial goods marketplace Bizongo

Bizongo, a B2B marketplace for industrial goods, has raised an undisclosed amount in seed funding from Accel Partners. The Mumbai-based startup will use the money to build a unified platform for businesses in the plastics, chemicals and packaging industries to buy & sell products/ raw materials, as per a statement. “Bizongo is launching a mobile application […]

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