First of its kind B2B e-commerce platform Supplier4Buyer is all set to raise INR 6 Crores in pre-series A round of funding to be used over a period of 12-15 months for building the technology platform, investing in operations and business development pan-India.
Started during pandemic, the start-up has registered tremendous growth with 15,000+ registered suppliers and 18,000+ registered buyers on the platform. In the last 1 year, the platform has registered a growth of 45% MoM in business and scaled up to suppliers and buyers across India, from Tier II and III primarily.
Supplier4Buyer founded by duo Amit K Malkoti and Maneesh Manchanda is an innovative tech platform which simplifies and streamlines the B2B E-Commerce space, by bringing suppliers and buyers on a common platform.
“Interestingly, post-pandemic thousands of manufacturers and suppliers have started approaching us, wanting to sell their products through online channels. We are the only one in the industry, assuring them guaranteed leads. The shift has been very prominent even from Tier II and III which is our major target market now”, said Amit K Malkoti, Founder – Supplier4Buyer.
“Our main aim is to reach 100,000 suppliers and buyers to create a big ecosystem for managing procurement transactions and also trying to add value added services by building a unique E – Auction (Price Discovery Tool), which will simplify Price Discovery for the existing Supplier4Buyer subscribers (Majorly SMEs), by enabling them to negotiate with the right set of suppliers seamlessly in an affordable SaaS Model”, Maneesh, Co-Founder – Supplier4Buyer quoted.