Business-to-business (b2b) ecommerce marketplace Bzaar has announced raising $4 million in a seed round of funding led by US-headquartered venture capital firm, Canaan Partners.
The round also saw participation from a clutch of angel investors including Flipkart co-founder Binny Bansal, PhonePe co-founders — Rahul Chari and Sameer Nigam, and Co-founder of Helion Ventures, Ashish Gupta.
The company will utilise the funds to add verified export-ready manufacturers to its platform, strengthen logistics, quality control and packaging and strengthen its India operations, said the company in a statement.
