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Tag: MaxWholesale

MaxWholesale raises USD 3 mn from IAN Fund, Abu Dhabi’s Al Falaj Investments
19Feb By NitishNo Comments
FUNDING

MaxWholesale raises USD 3 mn from IAN Fund, Abu Dhabi’s Al Falaj Investments

MaxWholesale, a B2B e-commerce platform for kirana stores has raised USD 3 million (about Rs 21.4 crore) in funding led by IAN Fund-I and Abu Dhabi-based Al Falaj Investment Company (AFI). The Series-A round also saw participation from existing investor Maple Capital, along with Infoedge's ex-CFO Ambarish Raghuvanshi, Maple Capital's Abhinav Grover and Biba Group's Siddharth Bindra, among others, a statement said. Raman Roy and Abdelghani have joined MaxWholesale's board as directors, it added. "With the investment, MaxWholesale will hire talent to develop its technology further and accelerate growth... MaxWholesale is also looking to expand its reach to Kirana stores in the coming months," it said. The platform currently services 10,000 kirana stores in Delhi. The company man...
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MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors
22Jun By RishabhNo Comments
FUNDING

MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors

MaxWholesale, a mobile based B2B grocery supply chain platform, has raised close to USD 1 million (Rs 6 crore), led by Indian Angel Network (IAN) and Maple Capital Advisors. These investors include names like Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, Bikky Khosla, Pankaj Karna and Abhinav Grover among others, a statement said today. Last year in July, the firm raised Rs 1 crore (around $150,000) in a seed round from Maple Capital Advisers. MaxWholesale is powering the online wholesale process for more than 90 FMCG companies, some of them being Cadbury, Dabur, Patanjali, Capital Foods, P&G and HUL. “There are more than 7 million stores in India and the packaged consumer goods market in the country is worth more than $40 billion. MaxWholesale is leveraging the power of t...
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