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B2B Sourcing Platform Bidso Raises $1.5 Million From Peercapital, Others

B2B Sourcing Platform Bidso Raises $1.5 Million From Peercapital, Others

08/08/23, 2:08 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbangalore
Money raised
$1.5 million
Industry
manufacturing
Round Type
seed
Tech-enabled B2B sourcing platform Bidso has raised $1.5 million in a funding round led by Bengaluru-based PeerCapital.The round also saw investments from DeVC and angel investors including Mohit Sadaani of The Mom’s Co., RTP Global partner Nishit Garg, OfBusiness Founders Fund, Livspace CEO Saurabh Jain and Mosaic CEO Revant Bhate.While PeerCapital wrote a cheque of $1.2 million for the seed round, the remaining $300,000 was pumped in by the other investors, Bidso said in a statement on Tuesday. Bengaluru-based Bidso offers a full-stack solution for brand sourcing, from product and supplier discovery to value discovery and fulfilment. “Their (investors’) expertise in understanding the challenges that accompany the setup of the B2B supply chain vertical will immensely benefit our journey. With the funds raised, we aim to double down our efforts and serve at least 100 brands by enabling sourcing for a minimum of 50 different product categories in the next six months,” Bidso cofounder Vivek Singhal said
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Company Info

Company
Bidso
Location
bangalore, karnataka, india
Additional Info
Bidso is a tech-enabled OEM / Contract Manufacturing platform for General Merchandise goods. With Bidso, brands effortlessly source customised high quality products at the best value with full transparency & efficient fulfilment, enabling them to quickly launch or expand their product offerings Bidso's founding team is ex-Flipkart, ex- Amazon, ex-Udaan, ex-ITC, and we are backed by prominent angel investors, and institutional capital.
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Trends

RaisedGrowth

The data in the raised column shows reported funding for this location/industry over last 90 days.

The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days.

Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.

https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbangalore
$138.6 M-81.6%
manufacturing
$7.3 B-28.7%