B2B wholsale platform ApnaKlub raised $10 million funding from TrueScale Capitaland others

January 12, 2023

, By Team SNFYI

Share via:

B2B wholsale platform ApnaKlub raised $10 million in a follow-on Series A funding from TrueScale Capital, ICMG Partners, Flourish Ventures, Sequoia India’s Surge, Blume Ventures and Whiteboard Capital.

ApnaKlub enables retailers and kirana store owners to purchase goods at wholesale prices even if they are unable to meet distributors’ minimum order quantity. The new funding will be used to build a digital platform for kirana store owners and wholesalers in Tier 2 and 3 cities to help them procure goods and services. According to an Inc42 report, India’s ecommerce market is expected to exceed $400 billion by 2030. A Statista report, on the other hand, estimates the B2B ecommerce market to be worth $5.6 billion in 2021. By 2025, the industry is expected to be worth $60 billion.

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.

Previous News

Meta’s main content moderation partner in Africa shuts down operations

Next News

D2C rollup ecommerce startup GOAT Brand Labs acquired Chumbak and four other D2C brands

Popular

More Like this

B2B wholsale platform ApnaKlub raised $10 million funding from TrueScale Capitaland others

January 12, 2023

, By Team SNFYI

B2B wholsale platform ApnaKlub raised $10 million in a follow-on Series A funding from TrueScale Capital, ICMG Partners, Flourish Ventures, Sequoia India’s Surge, Blume Ventures and Whiteboard Capital.

ApnaKlub enables retailers and kirana store owners to purchase goods at wholesale prices even if they are unable to meet distributors’ minimum order quantity. The new funding will be used to build a digital platform for kirana store owners and wholesalers in Tier 2 and 3 cities to help them procure goods and services. According to an Inc42 report, India’s ecommerce market is expected to exceed $400 billion by 2030. A Statista report, on the other hand, estimates the B2B ecommerce market to be worth $5.6 billion in 2021. By 2025, the industry is expected to be worth $60 billion.

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Meta’s main content moderation partner in Africa shuts down operations

Next News

D2C rollup ecommerce startup GOAT Brand Labs acquired Chumbak and four other D2C brands

More like this

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!