B2B Startup Badhaan Raises Funding From India Accelerator’s iAngels
Badhaan, a Hyderabad-based B2B procurement startup, has raised an undisclosed amount in a seed funding round led by India Accelerator’s angel investors’ network iAngels.
High net-worth individuals and industry veterans, including Pramod Veturi, Sivaram Vallampati and Anand Mahadevan, among others, also participated in the funding round.
As per the startup, the raised funds will be deployed for business expansion, rolling out private label brands and platform development.
Badhaan | Full Stack Platform For Food Industry
Founded by Vishnu Vikyath G and Manoj Mareedu in 2021, Badhaan is a Hyderabad-based B2B full-stack platform for the food industry. The startup offers raw material procurement and an inventory management platform for restaurants.
It claimed to have delivered over 1,000 orders to more than 100 customers. Currently, Badhaan serves across Hyderabad and Chennai and plans to expand its presence in two more cities by the end of the financial year 2023.
Speaking about the development, Vishnu Vikyath G, Co-founder of Badhaan, said,
“What Badhaan does is improve a restaurant/cloud kitchen’s bottom line, inventory position and cash-flow. Our vision has always been to empower business financially, and that’s what drives real value in B2B markets.”
The Hyderabad-based business-to-business procurement startup provides business stack, technology software & credit for wholesalers & restaurants. Restaurants benefit from our flexible payment terms and doorstep procurement, while wholesalers benefit from business growth and integrated business software.
Commenting on the development, Munish Bhatia, Co-founder at India Accelerator, said,
“Raw material procurement accounts for 35% of a restaurant’s cost structure and presents a host of challenges from SKU management, quality and delivery consistency and cash flow management. There is immense potential for a data-driven platform to disrupt the market, and Badhaan is doing just that.”
The B2B segment in India witnessed a significant funding inflow last year. Yesterday, B2B wholesale firm ApnaKlub raised an additional $6 million in a Series A funding round from TrueScale Capital and ICMG Partners.
In December 2022, B2B edtech startup Uolo raised $22.5 million in a Series-A funding round. Also, Soptle, a SaaS-led retail commerce platform, raised $300,000 in an angel round. In September 2022, B2B food processing platform Suite42 raised $4.3 million in a seed funding round co-led by Omnivore and Orios Venture Partners.
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