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Showroom B2B raises Rs 150 Cr in Series A round led by Cactus Partners

EntrackrEntrackr · 14d ago
Showroom B2B raises Rs 150 Cr in Series A round led by Cactus Partners
Medial

Showroom B2B, a supply chain platform in the fashion and apparel sector, has raised Rs 150 crore (around $17 million) in a Series A funding round led by Cactus Partners. The round includes a mix of equity and debt. New investor Zephyr Peacock participated in the round, while existing investors Jungle Ventures, Accion Venture Lab, and NBD Ventures also followed on. Earlier in October 2023, Showroom B2B had raised $6.5 million in a pre-Series A funding round led by Jungle Ventures with participation from Accion Venture Lab and others. The fresh capital will be used to expand its technology-led supply chain, strengthen enterprise partnerships, and scale manufacturing and sourcing capabilities across India. It will also support platform enhancements to manage more complex sourcing requirements from large-format and institutional retail customers. Showroom B2B is a Gurugram-based, tech-enabled apparel sourcing and manufacturing platform. Founded by Abhishek Dua and Shubham Gupta, the firm provides an integrated design-to-delivery sourcing model for organised retailers, apparel brands, and buying houses in India and overseas. The platform works across categories such as denim, knits, woven apparel, and kidswear, combining its own manufacturing units with a network of audited partner factories. This marks the 12th investment from Cactus Partners’ maiden fund. In February 2024, the VC firm had announced the final close of its first fund. The fund has secured a total corpus of more than Rs 630 crore.

TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital Winners Fund, others

EntrackrEntrackr · 1y ago
TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital Winners Fund, others
Medial

TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital, Winners Fund, others B2B tyre marketplace TyrePlex has raised Rs 20 crore (around $2.4 million) in a funding round led by PeerCapital, with participation from Titan Capital, Winners Fund, Sattva Family Office, and existing investors, including 100 Unicorns. The proceeds will be used to accelerate growth in multiple areas. TyrePlex plans to expand its geographic footprint into the top 25 cities across India, using a combination of qualitative and quantitative data points for city selection. TyrePlex will pilot tyre recycling and reverse logistics initiatives, addressing key sustainability challenges in the industry. The company is also focusing on creating a lean yet highly effective team to support its city expansion plans. Founded in 2020 by Puneet Bhaskar, TyrePlex provides tailored solutions for customer relationship management, inventory optimization, and advanced analytics to drive informed decision-making. With over 20,000 registered tyre dealers, the platform provides tools to improve sales and margins, streamline procurement, manage inventory, and set up online stores. The company’s app offers an integrated solution that simplifies operations, generates demand, and enables easy procurement of tyres with delivery within 3-4 hours. According to market research, the tyre market in India, valued at around $13 billion in 2024, is projected to grow to around $30 billion by 2032. Despite this growth, the sector remains dominated by unorganized and unbranded outlets, with about 90% of tyre dealers operating as multi-brand stores. TyrePlex claims to have already achieved a 13x revenue growth since 2022 and currently operates only in Delhi NCR and Bengaluru.

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