Showroom B2B, five other startups raise early-stage funding
₹54.12 crore) in a pre-Series A funding round led by Jungle Ventures. The round also saw participation from new investors Accion Venture Lab, Saison Capital, and ICMG Partners, as well as existing backers like Strive, Gemba Capital and Titan Capital, along with debt partners Alteria Capital and Stride Ventures. The fresh capital will be used to scale the company’s phygital distribution model and open additional experience stores across tier II and III cities in India.
Founded by Abhishek Dua and Shubham Gupta in 2020, Showroom B2B caters to small retailers and wholesalers in tier II cities in India. Its distribution model combines digital and physical stores, offering an efficient solution for sourcing, procurement, and distribution. “Our order sizes are consistently 5-10 times larger than competitors, and our return rate is in single digits, a stark contrast to the industry norm of 25-30%.
This infusion of capital will give us a boost in scaling our operations," said Dua, co-founder and chief executive officer, Showroom B2B. LeanCrop Technology Solutions Pvt Ltd, which runs BharatAgri, has closed its Series A funding round at $4.3 million ( ₹35 crore). The funding round was led by Arkam Ventures, while early-stage operators like Capria Ventures and existing investors, India Quotient, 021 Capital, and Omnivore participated in the fundraise.
The funding will be used to expand into newer geographies as well as improve its last-mile delivery capabilities. Additionally, Rahul Chandra, managing director of Arkam Ventures will join the board of BharatAgri. Founded by Siddharth Dialani and Sai Gole in 2017, BharatAgri offers paid subscriptions to its scientific agriculture advisory product to farmers.
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