Showroom B2B Secures $1.35 Mn In Seed Round
Summary
Showroom B2B, an end-to-end supply chain platform in the fashion and apparel category has raised $1.35 million in the seed round. The freshly raised funds shall be majorly utilised in opening new experience stores, strengthening the technology infrastructure, building a seamless customer experience, expanding the network of retailers and manufacturers, and new innovations for Bharat and export markets. Retailers can experience the touch & feel of apparel at its Experience Stores which physically replicates its e-commerce app.Commenting on the funds raised, Abhishek Dua, Founder, Showroom B2B, said, The trust and confidence of the investors during these turbulent times clearly validate the work we are doing. As someone who has previously built and run multi-million-dollar businesses, we believe that each and every penny of the capital has to be judiciously deployed and have always tried to create value for all our stakeholders. With this current round also, the focus is razor-sharp to expand, execute and excel.Speaking on placing trust in the platform, Siddharth Verma, Principal, Strive VC, said, Showroom B2B is organising the massively long-tailed apparel supply chain in India with a simple promise - to provide a broad selection of apparel to retailers at competitive prices compared to unorganised channels.