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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Exclusive: B2B marketplace Omnikart shuts shop, co-founder joins Industrybuying

END_001Omnikart, a B2B marketplace for industrial equipment, has closed operations due to disagreement between its two co-founders on a growth strategy. The Mumbai-based startup, run by Omnikart Engineering Pvt. Ltd, shut down in March, co-founder Faisal Ansari told TechCircle. Ansari has now joined Industrybuying.com, an online marketplace for industrial goods run by MTech Engineering Pvt. […]

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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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