Company Name : Blubirch
Funding Amount : $2 million
Investor(s) Chicago Capital ventures Sanjay Mehta. Angel and PE Investor.
Funding Round : Angel round
Bangalore based startup Blubirch has secured $2 Million in angel funding from Chicago Capital ventures, Sanjay Mehta, Angel and PE Investor and others.
The company will use these funds to further expand their services in India and other countries and to strengthen its team to complement their capabilities. Blubirch is an independent end-to-end solution provider for electronics and IT reverse logistics.
Founded by Sapan Jain, Jeby Cherian, Amit Goel, and Jayathirtha P. Katti, Blubirch focuses on reverse logistics with a main focus on IT technology. It provides solution for IT asset management, remarketing and also deals with refurbished customer returns and excess.
Sapan Jain, CEO and Co-Founder, Blubirch said, “While technology is at the forefront of what we do at Blubirch, our main focus is to assist our clients manage their complete range of technology assets. The fund raised will be used to further enhance the technology platform and to expand the operation across 6 more cities.We will continue focusing on bringing incremental value to our clients through our end to end reverse logistics solution and ensuring that we continue contributing to a clean digital India by extending the life of technology products and making these second life quality products affordable for companies and individuals.”
Blubirch plans to launch their consumer services and expects to reach 60 Crore revenue by early next year.