MaxWholesale, B2B e-commerce and supply chain platform, has raised close to $1 million (Rs 6 crore) in its pre-Series A funding round led by Indian Angel Network (IAN) and exisitng investor, Maple Capital Advisors.
IAN members Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, and Bikky Khosla participated in the round alongside Pankaj Karna and Abhinav Grover from Maple Capital.
The firm will use the funding to fuel growth and tech innovation.
IAN’s Raghuvanshi, now a board member at MaxWholesale, said, "The platform is very beautifully designed to strengthen and entrench the existing retail network of retailers rather than disrupting it. It will offer the end consumer with wider selection of products at more competitive price points making it a win-win situation for brands as well as retailers."