Tech-enabled sourcing platform Bidso secures $1.5mn from PeerCapital & other investors

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Tech-enabled sourcing platform Bidso secures $1.5mn from PeerCapital & other investors
Tech-enabled sourcing platform Bidso secures $1.5mn from PeerCapital & other investors

Including expanding Bidso’s operational reach to new geographies and demand channels, enhancing its network of manufacturers, and further developing its technology stack, the raised funds will be strategically allocated to several key areas

A technology-driven product procurement platform, Bidso has successfully secured $1.5 million in a recent funding round.

PeerCapital, which led the investment, contributed $1.2 million as part of the seed round, while DeVC and Angel Investors, including Mohit Sadaani (The Mom’s Co.), Nishit Garg (Partner, RTP Global), OfBusiness Founders Fund, Saurabh Jain (CEO, Livspace), and Revant Bhate (CEO, Mosaic Wellness), collectively invested a pre-seed amount of $300,000.

Including expanding Bidso’s operational reach to new geographies and demand channels, enhancing its network of manufacturers, and further developing its technology stack, the raised funds will be strategically allocated to several key areas.

“With the funds raised, we aim to double down our efforts and serve at least 100 brands by enabling sourcing for a minimum of 50 different product categories in the next six months.” Vivek Singhal, Co-founder of Bidso, said.

Aimed at ensuring manufacturers adhere to strict quality standards, the growth of the technology stack will encompass the creation of a Quality Adherence module.

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