Yojak Raises $3.8M In Pre-Series A Round Led By Info Edge Ventures
- ByAyushi Ray | August 17, 2021
B2B Marketplace Yojak raises $3.8M in pre-series A round led by Info Edge VenturesVentures. Kae Capital and angel investor Arun Venkatachallam also participated in funding round, along with Zetwerk, MedikaBazaar, Bizongo, and Blackbuck, as well as angel investors such as Anupam Mittal, Sanjiv Rangrass. The company will use the funding to build teams across tech and non-tech roles, develop new tech solutions, and expand into new markets and categories. Yojak which was founded in 2019, aims to help enable a smoother supply chain and fulfillment for small retail stores by working directly with manufacturers, and providing a full stack value proposition starting from discovery, delivery to financing. It claims to be the only startup in the building materials sector that has built a direct loop between retailers and manufacturers on a single platform.
“Born in a family with a building material manufacturing business, we realised that there is a significant gap in the building materials supply chain , with most businesses relying on traditional means for supply of materials, resulting in limited accessibility. Due to poor demand predictability small manufacturers also struggle with inefficiency in inventory cost as well as an inefficiency in manufacturing overheads. We wanted to build a platform to cater to this space and we aim to do so with the right team and tech solutions,” said Rachit Garg, Founder, Yojak. Over the last year, the company has expanded and even penetrated across the European Union, America and the Middle East. the company said it has built practical solutions for each stakeholder ranging from procurement, sales, logistics to operations. Yojak also claims to be one of the fastest growing startups in the B2B ecommerce sector, scaling 10x in the last 12 months.
Follow Startup Story
Related Posts
