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Published
Dec 13, 2021
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E-commerce platform Bzaar raises $4 million in funding round

Published
Dec 13, 2021

E-commerce marketplace Bzaar has raised $4 million in a recent seed funding led by Canaan Partners. Angel investors Binny Bansal, Sameer Nigam, Rahul Chari, Lee Fixel, and Ashish Gupta also participated in the funding round.
 

E-commerce platform Bzaar raises $4 million funding - Shutterstock


Bzaar will utilise the funds to strengthen its platform across sectors like onboarding sellers, technology, logistics, infrastructure development, and more.
 
Commenting on the funding, Nishant Verman, co-founder and CEO of Bzaar in a statement said: “The pandemic has accelerated the need for supply-chain diversification and triggered a massive surge in businesses looking to expand internationally. This new funding will accelerate Bzaar’s progress in three critical areas - bringing more verified, export-ready manufacturers onto the platform; solving for logistics, quality control, and packaging to deliver predictable and hassle-free sourcing experience; and finally strengthening their India operations to make their products easily accessible to our buyers.”

Joydeep Bhattacharyya general partner at Canaan added: “Bzaar is solving long-standing problems that have existed on both the demand and supply sides and the digital transformation required to make international wholesale transactions a seamless online experience.”
 
Bzaar, a digital global wholesale marketplace, was founded by Nishant Verman and Prasanth. It sells over 15,000 products across 50 verticals, including lifestyle, home, accessories, apparel, jewellery from value-based brands and sellers in India to more than 100 countries.

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