Social VC Investments
B2B marketplace for water pumps Pumpkart gets $2-M from Karnataka govt
Chandigarh-based Pumpkart, a subsidiary of Grow India Ventures Pvt Ltd, has raised USD 2 million from the Karnataka government under the Samruddhi Scheme, which aims to drive entrepreneurs among the economically backward section across Karnataka, who will be entitled to set up a retail store after having gone through a training process. Founded in June 2014 by KS Bhatia, Pumpkart is an online B2B marketplace for water pumps and other related accessories. The platform allows manufacturers, dealers, and customers to buy and sell pumps. Pumpkart was selected under this scheme to set up more than 100 stores across Karnataka. So far, the startup has handed over more than 75 stores to applicants across the state.
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