RecommerceX Pvt Ltd’s Post

🌟 Exciting News! ProcMart Secures $30M in Funding Round Led by The Fundamentum Partnership and Edelweiss Discovery Fund 🌟 Thrilled to announce that ProcMart, a leading online B2B marketplace specializing in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Nandan Nilekani’s Fundamentum Partnership and Edelweiss Discovery Fund, with participation from South Korea’s Paramark Ventures. The investment will fuel ProcMart's strategic initiatives, including exploring acquisitions for backward integration, enhancing client offerings, talent acquisition, technology investment, and expanding presence in new markets within India and globally. Founder and CEO, Anish Popli, shared, “We are looking to strengthen ourselves in Southeast Asia and increase our presence in India, expanding our portfolio to around 35 locations in the next one and a half years.” ProcMart anticipates significant contributions from its overseas operations, targeting 20% of revenue in the next three years. Currently operating across 20 cities in India, as well as in Malaysia and Indonesia, the company serves an impressive client roster including Colgate, Cadbury, PepsiCo, Coca-Cola, and Brembo. Founded in 2015, ProcMart facilitates connections between large enterprises and vendors for indirect purchases. Leveraging AI and machine learning technologies, the company aims to expand its operations and develop AI-driven recommendations for inventory procurement and management in the coming year. Popli revealed impressive growth metrics, with revenue surging from Rs 208 crore in FY23 to Rs 625 crore in FY24, with sights set on reaching the Rs 1,000 crore mark this year. Commenting on the investment, Prateek Jain from Fundamentum Partnership expressed enthusiasm for ProcMart's alignment with their investment thesis, emphasizing its ability to enable large enterprises to outsource and digitize critical business functions. Ashish Agarwal from Edelweiss Discovery Fund commended ProcMart's high-growth, profitable status and its potential to expand the MRO category in India. This funding round follows ProcMart's previous success, having raised $10 million in November 2022. With a total funding of $43 million, ProcMart is poised for continued growth and innovation in the B2B marketplace. Congratulations to ProcMart on this milestone achievement! 🎉 #B2B #SupplyChain #Funding #BusinessExpansion

Dear Investors, We are pleased to invite you to an exclusive Investor Education Session Today featuring Shiplog and Vinculum Group from 11am IST onwards on #Zoom Shiplog an innovative leader in the e-commerce and D2C logistics space, committed to revolutionising rapid delivery solutions through Dark Green Stores. Key Highlights: - Strategic Urban Locations: Our Dark Green Stores are positioned in high-demand areas, ensuring faster delivery times and customer satisfaction. - Sustainable Logistics: We incorporate electric vehicle fleets and green stores for last-mile delivery, meeting growing consumer demand for eco-friendly practices. - Tech-Driven Solutions: Our logistics platform leverages predictive analytics and optimised route planning, significantly reducing delivery times. - Trusted by Leading Brands: Current clients include Amazon, Flipkart, Big Basket, Zepto, Lenskart, and Bisleri. - Rapid Growth: Achieved INR 14.38 Cr in lifetime revenue, with projected growth to INR 16 Cr by FY25. - Proven Track Record: A 5-year roadmap towards INR 2,000 Cr in revenue and IPO. Vinculum Group a leading Omni Channel SaaS software company revolutionising product and order management with cutting-edge technology. Key Highlights of Vinculum: - Innovative Products: Offers enterprise-class products like Vin PIM, Vin OMS, and Vin WMS, recognised in the Gartner Magic Quadrant and Forrester reports. - Impressive Clientele: Trusted by 350+ brands, including Titan Eyecare, Skechers, Levis, Nykaa, Swiggy Instamart, DHL, and many more. - Robust Order Processing: Processes over 2 million orders every day. - Strong Financials: Annual Recurring Revenue of INR 62 Cr as of July 2024, with a gross margin of 74%. - High Net Revenue Retention: Achieves a net revenue retention rate of 105%. - Efficient Growth: LTV/CAC ratio of 9x and CAC payback period of 12 months. - Strong Backing: Backed by ACCEL Partners and IVY Cap Ventures. Join us to explore the exciting investment potential and growth opportunities with Vinculum. #InvestorSession #InvestmentOpportunities #Shiplog #VinculumGroup #EcommerceLogistics #SaaSInnovation #GreenLogistics #OmniChannelSolutions #SustainableGrowth #D2CLogistics #TechDrivenLogistics #EnterpriseSoftware #EcoFriendlyLogistics

🚀 BEYOBO Secures Patent for Revolutionary Cross-Border Trade Automation, Eyes ₹1,000 Crore Monthly Revenue by Oct 2025 🌍✨ BEYOBO, a pioneering leader in B2B cross-border commerce, proudly announces the acquisition of a patent for its groundbreaking product identification automation technology. This revolutionary tech promises to transform global trade by streamlining product categorization, cataloguing, and customs compliance through a unique algorithm. With this patent, BEYOBO can now track any product by name and fetch its HSN, setting new standards for efficiency, accuracy, and scalability in international trade. Highlights: 💡 Patent Secured: BEYOBO's innovative technology automates product identification and management in the global supply chain. 🌍 Market Expansion: Plans to enter the USA and UAE markets, leveraging the new patent. 📈 Revenue Goals: Aims to reach ₹40 crore in monthly revenues by Oct 2024 and ₹600 crore annually by March 2025. 🚀 Future Vision: Targeting ₹1,000 crore monthly revenue by Oct 2025 with an IPO slated for 2026. 💼 Profitability: Projected to turn profitable by Q3 2024. Again its our dedicated team Shikha Agarwal, Parul Jain, Khushboo Jain, AJAY AGRAWAL (阿杰) and entire BEYOBO hustler team. Thanks to our Mentors and Investors IAN Group (formerly Indian Angel Network) Hyderabad Angels Inflection Point Ventures ISF Network SucSEED Ventures SAN Angels Network Sunil V Diwakar Hirren P Turakhia Bikky K. Rathnakar Samavedam J A Chowdary (JA) Vikram Ramasubramanian https://lnkd.in/gSvAwVA6 #BEYOBO #Ecommerce #Innovation #PatentedTech #GlobalTrade #B2B #IPO2026 #RevenueGoals #TechRevolution #InvestInFuture #BusinessGrowth #MarketExpansion #Profitability #TechInnovation #GlobalExpansion #TradeAutomation #InvestInBEYOBO #CrossBorderCommerce #SupplyChainEfficiency #ProductIdentification #Automation #InternationalTrade #StartupSuccess #BusinessMilestone #IndiaEcommerce #USMarketEntry #UAEMarketEntry #InvestorAlert #BusinessStrategy #CuttingEdgeTechnology #Leadership #FutureOfTrade #ScaleUp #BusinessExpansion #RevenueGrowth #IPOPlans #TechLeadership #IndustryPioneer #TradeInnovation

🎉 Exciting News Alert! 🎉 SuperK, the pioneering tech-enabled grocery retail chain for small towns in India, has secured $6 million in Series A funding led by Blume Ventures! This crucial investment will empower SuperK to accelerate its growth trajectory and redefine the grocery shopping experience for millions of customers in underserved regions. With plans to invest in technological advancements, talent acquisition, and network expansion, SuperK is poised to enhance its platform and provide a seamless shopping experience across its network of stores. Founded by experienced entrepreneurs Anil Thontepu and Neeraj Menta, SuperK's innovative franchised retail model, data-driven personalization, and commitment to affordability make it a transformative force in the Indian retail landscape. 🛒 Join in celebrating this milestone as SuperK continues its mission to bridge the gap between traditional and modern retail, providing high-quality products at accessible prices to small-town customers across India. #SuperK #SeriesAFunding #RetailInnovation #GroceryShopping #TechEnabledRetail #BlumeVentures #Entrepreneurship https://lnkd.in/g3TNsS5p

End of the week market update for January 12 1. Nifty and Sensex increased by 0.8% each during the week 2. 10-Year G-Sec yield decreased by 6 basis points to 7.18% 3. The rupee closed at 82.92 to 1 USD (depreciated by 0.3% during the week) 4. India's retail inflation surged to a four-month high of c.5.7% in December on an annual basis as against c.5.6% in November 5. During the week, Unicommerce eSolutions has filed its DRHP with SEBI 6. Startups funding totalled c.USD 146.0 mn cutting across 26 deals. Impact Analytics, a retail saas platform, has secured c.USD 40.0 mn in equity funding, boosting the fundraising chart Hope this is useful. #novaoone

Bhavish Aggarwal's Ola is setting its sights on entering the grocery and fashion markets through the ONDC platform. The company has enlisted magicpin as its technology service provider for this initiative Ola first joined hands with ONDC by piloting a food delivery platform in September 2023, which has now been made available to the public. Following this, Ola partnered with ONDC to provide last-mile logistics services for various categories, including food delivery, grocery shopping and pharmaceuticals. - Open Network For Digital Commerce (ONDC) Integration: Ola aims to tap into existing sellers on the ONDC platform, which boasts over 380,000 sellers, including 105,000 in non-mobility sectors such as groceries and fashion. - Expansion Benefits: This move is geared towards streamlining Ola's e-commerce operations to enhance cost-effectiveness. - Financial Overview: Leveraging its infrastructure as a logistics provider on ONDC is expected to reduce costs and boost efficiency. Ola's recent financial performance shows promising trends, with a 58% increase in total revenue to Rs 2,135 crore and a 65% decrease in overall loss to Rs 1,082 crore in fiscal year 2023. Alike Uber, Ola plans to aggressively expand its logistics services to other seller applications on the ONDC network following a successful pilot. Read more about ONDC structure: https://lnkd.in/gCGV9Xkn Sources: The Economic Times , Indianstartupnews.com, BW Disrupt #startups #ola #magicpin #ondc #ecommerce #grocery #fashion #uber

FreeStand Sampling has raised $400,000 in a seed funding round led by Venture Catalysts++ | India's 1st Multi-Stage VC and Nocking Point Advisors. Indian Institutes of Management (IIM), Calcutta Innovation Park, SucSEED Ventures Indovation, and strategic angel investors Guneet Singh and Varun Singh Hooda also participated in the round. FreeStand is a B2B marketing platform revolutionizing targeted and measurable product sampling campaigns for leading Indian FMCG enterprises. FreeStand simplifies the execution of product sampling campaigns for FMCG brands by organizing and providing hundreds of sampling channels. This ensures that product samples reach the right end customer while offering brands a unique dashboard for measuring campaign performance. The platform has gained traction among major FMCG players like HUL, Nestlé, Reckitt Benckiser, L'Oréal, NIVEA, Piramal Healthcare, Cipla Health Ltd, and Emami Ltd. FreeStand’s capabilities extend across multiple channels like ad networks, e-commerce, and quick commerce including Swiggy, Flipkart, Zepto, Meta Platforms, modern retail chains, and other channels. Founders: Sneh Soni, Kavach Chandra, and Konark Sharma Follow Rise & Shine for daily startup updates. Join our daily 2-min newsletter - www.riseshine.in #b2b #campaignmanagement #ecommerce #quickcommerce #fmcg #seedfunding #venturecapital

I've waited a while to let this one out, but here we are! 🔥 India has a large number of regional & national brands. However, only a small fraction of these have adopted digital tools to streamline their supply chain processes. Even today, orders across the supply chain are largely manually placed, often leading to misinformation, inaccuracy of order management & hence, delay. Rupyz solves precisely this problem. Having worked with Dhaval, Akshay, Gourav & the team for a few months now, it's clear that this is not only an Investment, but a celebration of innovation & impact. Rupyz's SaaS platform is quietly revolutionising the way SMEs/MSMEs across FMCG, Toys, Sporting Material, Home Decor & Furnishings (I could name a few more) operate. We, at Merak Ventures, are excited to partner with Rupyz on this phenomenal journey. On a personal note, this investment marks my "Merak Debut", my first investment since I joined this stellar institution. It's more than a milestone for me - an endorsement of the incredible potential I see in Rupyz. If you're an Indian business operating in any of the above sectors, I'd love to make an introduction with Rupyz! Merak Ventures | Manu Rikhye | Sheetal Bahl #VentureCapital #India #FMCG #Tech #Investments

It's a landmark day at Merak Ventures as we unveil our inaugural investment in Rupyz, a platform where innovation meets impact in the heart of India's bustling commerce market. Rupyz is transforming the B2B commerce space by helping small-to-medium size FMCG and consumer brands operate more efficiently and effectively. Their integrated SaaS platform allows brands to showcase their products digitally, help their field sales teams become more productive by managing orders and customers with easy-to-use software tools, and make workflows and decision-making easier for everybody. But Merak Ventures' first investment is also about more than technology; it's about people. It’s about creating large-scale impact on livelihoods in regional India. It’s an idea that matters. Welcome Dhaval, Gourav, Akshay and Palash to the Merak family – we look forward to building something valuable with you. Merak Ventures | Manu Rikhye | Sheetal Bahl | Pranav Sanghvi Rupyz | Dhaval Radia | Akshay Gupta | Gourav Gupta  #WeAreMerak #FirstInvestment #SaaSRevolution # #B2BCommerce #Rupyz

BEYOBO, the pioneering B2B cross-border e-commerce platform, has reached a major milestone, raising a whopping Rs 6.7 crore in its pre-Series A2 round! Led by the esteemed Indian Angel Network and backed by the International Startup Foundation and SAN Angels, alongside a league of angel investors and HNIs, the round was oversubscribed by a staggering 300%! BEYOBO serves as the ultimate gateway for Indian SMEs eager to import goods from global markets and for foreign brands looking to make a splash in the vibrant Indian market, both online and offline. With the infusion of funds, BEYOBO is set to revolutionize the industry, bringing more international brands to Indian shores while enhancing its tech platform for a seamless user experience. Over the past year, BEYOBO has not just grown but flourished, doubling its growth and expanding its product range to include everything from cosmetics to household goods, all fulfilled with top-notch service by BEYOBO itself. The timing couldn't be better, with the B2B e-commerce market in India soaring to a staggering $18.2 billion in 2023, up from $5.6 billion in 2021. #B2B #Ecommerce #Milestone #IndianMarket #GlobalBrands #TechRevolution