VC Fund Investments
B2B digitisation platform for exporters Sourcewiz raises Rs.20-Cr from Matrix, others
Delhi-based Sourcewiz, a business-to-business (B2B) digitisation platform, has raised INR 20 crore in a funding round led by Matrix Partners India. Angel investors including Aniket Deb, the co-founder of B2B packaging firm Bizongo; Wami Capital, the family office of Transworld Group, and Rohit Kapoor, global chief marketing officer of Oyo, also participated in the round. The Software-as-a-Service (Saas)-based platform plans to use the funds to expand its team across India. The company presently operates in hubs such as Panipat, Agra, Jaipur and Karur. Sourcewiz works with exporters in digitising their sales and marketing operations, which includes automating processes such as product designing, cataloguing, creating quotations, invoicing and trade show management. The company had raised USD 3 million in a seed round from Blume Ventures and Alpha Wave Global in October last year.
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