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

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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.

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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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi 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.

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