Get All Access for $5/mo

Bzaar Raises $4 Million In Seed Round Bzaar's digital wholesale marketplace enables trusted product discovery and ensures transparent end-to-end buying experience

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Bzaar, a global B2B e-commerce marketplace, has raised $4 million in Seed funding led by Canaan Partners.

Through its technology platform, Bzaar enables small and medium-sized businesses (SMBs) in India and Southeast Asia to connect directly with buyers across the world, facilitating cross-border trust to boost international commerce.

"The pandemic has accelerated the need for supply-chain diversification and triggered a massive surge in businesses looking to expand internationally. Currently, if you are a small business in India looking to start or accelerate your exports business, the infrastructure is largely offline and opaque or mostly non-existent. Bzaar democratizes exporting from India and southeast Asia so the region's in-demand products are accessible at a global scale," said Nishant Verman, co-founder and CEO of Bzaar.

"Today, the US is already the largest export market for Indian goods, representing 17 per cent of total goods exports. Bzaar is solving long-standing problems that have existed on both the demand and supply sides and the digital transformation required to make international wholesale transactions a seamless online experience," said Joydeep Bhattacharyya, general partner at Canaan.

Bzaar is a digital global wholesale marketplace enabling small retailers across the world to buy unique, high-quality, well-curated products from India and Southeast Asia. Bzaar features over 15,000-plus products across 50-plus verticals, including lifestyle, home, accessories, apparel, jewelry from value-based brands and sellers in India - all of which can be ordered online directly by retailers in more than 100 countries at competitive prices. Bzaar handles the entire process, including logistics and shipping, to ensure on-time, as-promised delivery right to the doorstep, said a statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
News and Trends

Multiples Private Equity Leads INR 1000 Cr Funding in Shubham Housing

With the raised funds, the Gurugram-based platform aims to propel its growth trajectory, diversifying its product offerings and strengthening its national footprint.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Leadership

How to Master the Art of Delegation — Lessons From Andrew Carnegie's Legacy

Here's what Andrew Carnegie can teach today's entrepreneurs about leadership, teamwork and effective delegation.

News and Trends

Google Has Possibly Cracked a Quantum Computing Challenge and Outpaced Supercomputers With "Willow"

Google will now focus on demonstrating the first "useful, beyond-classical" computation on today's quantum chips relevant to a real-world application

Business News

Alexis Ohanian Says This Is His Best Investment So Far: $10,000 Turned Into More Than $17 Million

Ohanian has backed 40 unicorns, but one investment stands out the most.

Business News

I Tried Buying a Car on Amazon. Here Are the Pros and Cons.

Amazon Autos just launched, and users can buy a new car online. Here's how it works and what needs to improve.