Prodo raises Rs. 3 Cr in pre-seed funding
Prodo recently announced that it raised Rs. 3 crore in pre-seed funding led by LetsVenture and Titan Capital. The round also saw participation from angel investors like Abhinav Sinha (Oyo), Nimesh Kampani (Trica), Gaurav Ajmera (Pristyn Care), Prasun Choudhary (OYO International), Saurabh Aggarwal (Fitso by Zomato), Abdul Pravengal (Shipper), and Saurabh Srivastava (Housr), among others.
Prodo co-founder and CEO Sameer Husain stated, “Lack of technology and transparency is one of the biggest problems faced by corporate purchase teams. While in the consumer space we are buying everything online, 70 percent of B2B purchases still remain offline and have not evolved with the changing profile of the new age purchase managers.”
Founded in May 2021 by Sameen and Abhiroop Srivastava, Prodo is a B2B e-commerce platform that offers to its customers the manufacturing of made-to-order and white-labelled consumables.
Commenting on the investment, Titan Capital partner Bipin Shah said, “The Indian manufacturing sector has the potential to surpass $1 trillion by 2025. We feel unique business models like Prodo, which is on the mission to digitise manufacturing for indirect procurement through ecommerce, will be drivers of this growth. Prodo, in a short stint of time, has successfully onboarded long-term B2B clients which is a clear indicator of its product-market-fit.”
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