Angel traders together with Aniket Deb, the cofounder of B2B packaging agency Bizongo; Wami Capital, the household workplace of Transworld Group, and Rohit Kapoor, world chief advertising officer of Oyo, additionally participated within the spherical.
The Software program-as-a-Service (Saas)-based platform plans to utilise the funds to develop its staff to extra export hubs throughout India.
The corporate presently operates in hubs akin to Panipat, Agra, Jaipur and Karur.
“We additionally plan to deepen our providing to clients by serving to them entry newer demand channels and automate different elements of manufacturing facility operations akin to procurement and funds,” cofounder Divyaanshu Makkar stated in a press release.
The corporate plans to develop to different geographies like Bangladesh, Turkey and Pakistan, Makkar informed ET.
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Based in 2021 by Makkar, Vikas Garg and Mayur Bhangale, Sourcewiz works with exporters in digitising their gross sales and advertising operations, which incorporates automating processes akin to product designing, cataloguing, creating quotations, invoicing and commerce present administration.
“Presently we’re into digitising the factories’ operations. Nevertheless, we’ve plans to enterprise into organising ecommerce companies for the factories we cater to,” Makkar stated.
The corporate raised $3 million in a seed spherical from Blume Ventures and Alpha Wave World in October final yr.
“Sourcewiz’s SaaS-led strategy has acquired sturdy early traction, buyer love and adoption inside the Indian export group, reinforcing the necessity for such a platform,” stated Sudipto Sannigrahi, principal, Matrix India.
The agency stated it had onboarded round 500 clients.
“We serve 500-plus factories, and we’ve a gift annualised income run price of $0.5 million. We do not burn some huge cash, so we nonetheless have scope for extra progress and growth,” Makkar stated.
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