Mumbai Angels, a platform for private investments along with its co-investment partner venture investments and advisory house x10xventures has invested in WCube, a comprehensive, B2B Procurement Enablement solution for large and mid-sized enterprises.
The funding round also witnessed participation from other investors, including FAAD Network and other prominent angel investors and family offices.
WCube will utilise the fresh capital for scaling the business and expanding its footprint to new geographies.
Nandini Mansinghka, Co-Founder and CEO Mumbai Angels, said, “In the age of technology-enabled disruptions becoming a necessity, the WCube procurement and supply solution is a milestone achieved towards attaining maximum efficiency through a streamlined value chain. With the additional funds coming in, we are confident that WCube would be able to replicate its success model through the subsequent growth stages.”
“WCube creates a synergy between technology, procurement, and supply chain. We envisage ourselves to be the pioneers of ‘The Way Businesses Buy’. WCube has chosen the path of selling the bottom of the pyramid product to large enterprises. Today with over 30 categories of products, WCube is fast expanding its national footprint. We are delighted to have prominent and strategic investors join our journey of creating stronger value.” added Udit Karan Chandhok / Akash Narain Mittal, Co-Founder of WCube.
“WCube is leading the way in helping mid-and large-sized enterprises buy better, and is solidly positioned to grow sustainably and rapidly into Indian entities’ preferred procurement partner. x10xventures is delighted to be partnering with Karan and Akash in their journey to consistently generate value for all of WCube’s stakeholders. We’re confident that the team’s laser-sharp focus on customer experience and its systematically curated integration of technology in solving procurement for businesses shall continue delighting WCube’s clients and vendor-partners,” said Co-Lead Investors Rishabh Dugar, Co-Founder and CMD, and Sanyam Dugar, Co-Founder and CEO, x10xventures.
Published on
March 26, 2022
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