Ximkart raised $2.4 million in fresh funding led by Matrix Partners India

Popular

Ximkart raised $2.4 million in fresh funding led by Matrix Partners India

Ximkart raised $2.4 million in fresh funding led by Matrix Partners India where Multiply Ventures, Better Capital and Citius Ventures and angel investors–Sujeet Kumar from Udaan, Hans Tung from GGV, and founders of Zetwerk, Ula and OfBusiness have also participated.

Ximkart provides supply chain and logistics solutions to manufacturers. It assists manufacturers in sourcing raw materials from around the world, including calcium carbonate, dead burnt magnesia, mineral turpentine oil, di-ethylene glycol, and aluminium scrap wheel alloy. The new funds will be used to strengthen existing categories, launch new offerings, and expand verticals such as procurement, sales, technology, and operations. According to a RedSeer report, the country’s logistics sector is expected to reach $300 billion by 2025.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Ximkart raised $2.4 million in fresh funding led by Matrix Partners India where Multiply Ventures, Better Capital and Citius Ventures and angel investors–Sujeet Kumar from Udaan, Hans Tung from GGV, and founders of Zetwerk, Ula and OfBusiness have also participated.

Ximkart provides supply chain and logistics solutions to manufacturers. It assists manufacturers in sourcing raw materials from around the world, including calcium carbonate, dead burnt magnesia, mineral turpentine oil, di-ethylene glycol, and aluminium scrap wheel alloy. The new funds will be used to strengthen existing categories, launch new offerings, and expand verticals such as procurement, sales, technology, and operations. According to a RedSeer report, the country’s logistics sector is expected to reach $300 billion by 2025.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Nvidia partners with Quantum Machines to combine classical and quantum machines

In a move to push the boundaries of computing...

Checkout.com launches virtual and physical card issuing

Leading global payment solutions provider Checkout.com announced the launch...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap