Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures

Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures

Gurugram-based mobile B2B marketplace Wydr has raised an undisclosed amount of Series A funding from Bessemer Venture Partners, Stellaris Venture Partners and Singapore-based Jungle Venture Partners. Axis Capital from Singapore also participated in the round.

Talking about the funding, Amit Anand, Founding & Managing Partner, Jungle Ventures, said, “The wholesale Market in India is extremely unorganised and fragmented. We believe that there is significant headroom for technology innovation and business growth in this segment. We also believe Wydr is well-placed to be the winner in this segment.”

Wydr was launched in March 2016 by Devesh Rai G (founding team member at ShopClues), Hitha Uchil, and Varun Guru. It is an app-based marketplace, which connects manufacturers, wholesalers, and retailers, across categories like fashion, home, automotive and electronics.

The company plans to utilise the fresh round of capital for pan-India expansion. Furthermore, the funds will be used to expand its seller base across wholesale hubs in India, introduction of new categories and technology innovation delivering more value to its B2B users.

According to a company statement, Wydr already has more than 1,000 merchants selling their products on the app and more than 200,000 retailers who have downloaded the app.

Earlier in October 2015, ShopClues co-founder Sandeep Aggarwal invested an undisclosed amount in performance-based wholesale marketplace, Wydr.

In November 2016, B2B online marketplace in the fashion and lifestyle segment, Wholesalebox secured $2 Mn in its Pre-Series A round of funding from angel investors. Other major B2B players include Moglix, Bizongo, OfBusiness etc.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures-Inc42 Media
Mobile B2B Marketplace Wydr Raises Series A from Stellaris, Bessemer, and Jungle Ventures-Inc42 Media
You’re in Good company