Ecommerce player Kobster.com has raised an undisclosed amount of seed funding led by Splice Advisors.
The funds raised will be used to explore numerous business specific products like industrial supplies, medical supplies etc. Currently, the company operates in Chennai and Bangalore with an aim to expand in 5-6 different cities in next 1.5 years building technological strength and acquiring more customers.
The Chennai based startup also provides an exclusive e-procurement platform to corporate, providing features like smooth ordering platform, inventory management, spend management, cost optimization suggestions, analytics, centralized invoicing etc.
Indian B2B market is worth $300 Bn which is expected to expand at $700 Bn by 2020. Kobster is trying to organize the 95% unorganized market with the help to technology, huge product range and unmatched customer service.
Founded by Mohan G, Karthik R and Vineet Neeraj, Kobster.com was started in 2012. The company provides all kinds of business consumables through its online platform to corporate across India. The portal currently offers basic office supplies, furniture, housekeeping products, pantry supplies etc. The founders have prior experience in IT companies like Cognizant, HCL and is currently incubated by PayPal StartTank Chennai.
A few of Kobster’s customers include, Hyundai, Bhadra, SabMiller, Hospira, ABB, BGR Energy, LatentView etc.