Growth capital raised by Bonsaro
- ByStartupStory | March 4, 2022
The technology-driven supplier for seafood and meat, Bonsaro has raised an undisclosed amount as growth capital from a revenue-based financing company, Klub. Mumbai-based Bonsaro was launched in August 2020 and it delivers seafood, red meat, and other poultry items in various cuts and forms.
According to this startup, as it had a recurring revenue stream from its customer base numbering over 7,000 opted for raising capital from Klub. This capital, Bonsaro, had been planned to be deployed towards expanding its business footprint.
“Our business has grown 5X since January 2021….We see a huge opportunity in taking the business model across the country.”, said Sachin Shetty, Founder of Bonsaro, on the fundraise.
A large proportion of the products directly from fishermen and farmers has been procured by Bonsaro which resulted in assured income streams for the latter. Its geographical expansion has now been geared up across Western India followed by high potential clusters in other key regions of the country.
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