Sourcewiz has announced that it has raised $3M in the seed funding round led by Blume Ventures and Alpha Wave Incubation (AWI).
Angel investors including Former CEO of Arvind Limited – Ravi Bhargava, Wayfair’s GM Rakshita Agrawal, and other angel investors also participated in the funding round.
Speaking on the appoinment, Divyaanshu Makkar, Co-Founder and CEO, commented, “COVID-19 created a multitude of massive challenges for exporters. They had to quickly move to a completely digital way of selling and meeting new buyers and faced acute labor shortages and shipping delays. Despite this, exporters who had invested in digital infrastructure have been able to grow as buyers all around the world are trying to diversify their sourcing destinations.”
Divyaanshu further said, “We are democratising access to digital infrastructure through our platform to enable all exporters to grow and seamlessly manage their business. We are already seeing some of our early customers double the number of buyers they engage with. Our team is most excited by the positive economic impact we can have on our country by empowering exporters and increasing India’s export volume.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.