B2B platform WCube obtains seed funding from Mumbai Angels, x10xventures, and other investors
- ByStartupStory | March 26, 2022
In an official release, Mumbai Angels, a leading private investment platform, announced that it has invested in WCube, a comprehensive B2B procurement enablement solution for large and mid-sized businesses, alongside its co-investment partner, x10xventures, FAAD Network, venture capitals, and family offices.
The Mumbai Angels Network is a new venture investment platform. Mumbai Angels has a 190-strong portfolio spread throughout India’s sectors and cities.
Other investors, including FAAD Network and other famous angel investors and family offices, took part in the investment round. The new funds will be used to help WCube scale its business and expand its reach into new markets.
Udit Karan Chandhok and Akash Narain Mittal launched WCube to disrupt large-scale procurement metrics in Manufacturing, New Age Businesses, BFSI, HORECA, and Real Estate. WCube is planning a nationwide expansion in the following quarters, with a strong team of 50 members. It now has over 250 customers, sells over 30 categories, and has over 50 million products.
According to Udit, WCube is rapidly extending its national reach, already offering over 30 product categories. and the brand is ecstatic to have well-known and strategic investors join us in our quest to build greater value.
Follow Startup Story
Related Posts
