B2B startup Bulk MRO has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures.
The venture fund has also partnered with one of India’s leading banks for the deal.
Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a Mumbai-based B2B startup that enables the supply chain procurement needs of its customers and suppliers globally.
The startup has aggregated more than 5,000 brands and 1.5 million products on its platform.
Bulk MRO also runs a fintech platform, Bulk Udhaar.
Bulk Udhaar offers supply chain financing solutions to its suppliers and customers.
Talking about the growth of Bulk MRO, Gaurang Shah, Co-founder, Bulk MRO, said,
“Bulk MRO is growing exponentially in a market where the goalposts are constantly shifting. We need a partner that can adapt to the constantly changing landscape and provide financial solutions that will help us serve our customers better. Stride Ventures is a very nimble partner that brings to the table a tremendous network, creativity, and capability of high-speed execution that is unparalleled.”
The startup is backed by notable investors like Ace & Company, Y Combinator, FJ Labs, Rebright Partners, and Bain Capital.