Funding Rundown: Bzaar raises $4 million, Insurance Samadhan bags Rs 5.5 crore & MasterChow gets Rs 3.5 crore in seed funding
Summary
Founded earlier this year, Bzaar is a digital global wholesale marketplace enabling small retailers across the world to buy products from India and Southeast Asia. Marquee angels including Ashneer Grover (BharatPe), Anshoo Sharma (Magicpin), Sahil Barua (Delhivery), Giri Malpani, Anuraag Srivastava (Rainshine Entertainment), and Pradyumna Agrawal (Temasek), too participated in the funding round. Caesar Sengupta (Co-founder, Arbo Works, and former VP, Next Billion Users, Google) and Kunal Shah (Founder, CRED) were among other angel investors who pitched in. Marquee angel investors and funds such as Emil Michael (ex-Chief Business Officer at Uber), Anand Chandrasekaran (ex-Facebook, Snapdeal), Vijay Shekhar Sharma (Founder & CEO, Paytm), Kunal Shah (Founder & CEO, CRED), MaGEHold (SG/HK Based Angel Investment Group), Moving Capital (aka Uber Alumni Investment Club), MyAsiaVC, Luminaire Capital, among others also participated in the round. "The startups are witnessing high scale growth and more than 25 of them raised their next round of funds within 6-7 months of investment from our side," said Neeraj Tyagi, co-founder and CEO, We Found Circle.