Beldara funding

Beldara is an online (B2B) marketplace for Manufacturers, wholesalers, Exporters, and Importers to sell or buy in wholesale globally. The company announced that it has raised $7.4 million from Hindustan Media Ventures with $4.2 million as the first tranche. 

The Mumbai-based startup intends to utilize the freshly raised funds for boosting brand awareness and its new venture in agro B2B products “Farm 2 Globe”. 

The e-commerce platform, in partnership with some fintech companies, offers credit service facilities to its users.

Beldara is looking to raise pre-Series A funding in the upcoming months. It strives to be the country’s tech giant and grow its platform in the national and international market.  

Commenting on the new investment, Pradeep Khandekar, founder of Beldara said, “Beldara is communicating with a couple of HNI Investors for the pre-series A funding round. The utilization of these funds will be done for the expansion of Beldara internationally.” 

“The real business starts when you truly reach your target audience and HT funds are really going to let us meet with them. Without any doubt, it’s going to boost our user traffic (buyers and sellers),” he added.

Founded in 2014, Beldara has 30 product categories with users from across the globe. The Beldara B2B app is available on the App Store as well as Google Play.

Speaking about the development, Anirudh Singhal, Strategic Investment Head of HT added, “Beldara is empowering the small and medium businesses as well as retail traders in India through technology. It enables retail traders to buy a wide range of quality products at the best prices. At the same time, the demand aggregation helps the suppliers in improving productivity and therefore operating margins. We share the vision of Pradeep and are excited to partner with him in the company’s growth journey.”

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Beldara is an amazing platform for manufacturers, suppliers, and buyers to connect for a seamless business transaction. Given the ongoing COVID situation, the startup has huge opportunities to achieve its target of expanding both nationally and internationally.

Shishir Gupta, Founder and CEO, StartupLanes

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