Online B2B industrial supplies store Omnikart has raised $100,000 in seed funding from Sumit Gandhi and Manish Gandhi, promoters of ABEC.
The company is currently limited to serving the Powai and Ghatkopar areas in Mumbai but plans to increase its distribution net to cover all of Mumbai soon.
Omnikart will use the capital to expand and also grow its product distribution supply chain. So far it has already processed over 1,000 orders successfully and plans to grow much sooner now.
The company will take advantage of the highly fragmented B2B and B2C industrial supplies market and create a transparent and competitive ecommerce ecosystem.
Further, it will also optimize industrial purchases in the country thereby helping both buyer and sellers of industrial supplies and enhancing the market for them.