ApnaKlub, a B2B wholesale platform, raised a $10 million follow-on Series A funding from TrueScale Capital, ICMG Partners, Flourish Ventures, Sequoia India’s Surge, Blume Ventures, and Whiteboard Capital.
Retailers and kirana store owners can buy products at wholesale costs with ApnaKlub even if they can’t place the minimum order amount required by wholesalers. The extra cash will be utilised to create a digital platform that would aid in the procurement of goods and services for wholesalers and kirana store owners in Tier 2 and 3 cities. India’s e-commerce business is anticipated to reach $400 billion or more by 2030, according to an estimate from Inc42. On the other hand, a Statista analysis projects that the B2B e-commerce sector will be valued at $5.6 billion in 2021. The sector is anticipated to be worth $60 billion by 2025.