BizUp

BizUp

B2B wholesale app for buyers and sellers in the fashion industry

Founded

2021

Headquarters

Delhi (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 852 7722 301

BizUp is a leading B2B online wholesale platform . Operating in the ecommerce and wholesale distribution industry, BizUp has quickly established itself as a premier wholesale shopping app, catering primarily to the Indian market with a strong presence in Delhi and ambitions to serve retailers, wholesalers, and manufacturers nationwide.

Core Products and Services

  • BizUp App: A user-friendly mobile platform enabling seamless wholesale transactions for retailers, wholesalers, and manufacturers.

  • Extensive Product Catalog: Offers a wide range of categories, including electronics, apparel, groceries, and home essentials.

  • Direct B2B Connections: Facilitates direct transactions between wholesalers, manufacturers, and retailers, eliminating unnecessary middlemen.

  • Flexible Payment Solutions: Only 20% payment required at order booking, with the balance payable in cash upon delivery.

  • Quality Assurance: Orders are verified by a BizUp inspector, with live packing and the option for a full refund if unsatisfied at the time of packing.

  • Hassle-Free Returns: Quick returns and refunds within four days for incorrect or unsatisfactory deliveries.

Business Model & Revenue Streams

BizUp operates a commission-free model, setting it apart from many traditional B2B platforms. Instead of charging transaction commissions, BizUp’s monetization is likely driven by alternative revenue streams such as:

  • Value-Added Services: Fees for premium listing, advertising, or promotional placements within the app.

  • Logistics and Fulfillment: Potential margins on delivery, packing, and inspection services.

  • Payment Processing: Possible small fees for enabling flexible payment solutions or cash-on-delivery services.

  • Subscription Plans: Future opportunities may include membership tiers for advanced features or priority support.

Primary Revenue Sources

  • Ancillary services (e.g., logistics, quality assurance)

  • Premium features or promotional tools for wholesalers and manufacturers

  • Potential partnerships with financial service providers for payment facilitation

Growth Strategy

  • Market Expansion: Scaling from Delhi to other major Indian cities and regions.

  • Product Innovation: Continuously enhancing the BizUp app with new features, improved user experience, and expanded product categories.

  • Partnerships: Building strong relationships with trusted suppliers, logistics providers, and financial institutions.

  • Customer Trust: Maintaining high standards of quality assurance and customer support to drive retention and referrals.

Key People

Anshul Singhal

Suparn Goel

Key Metrics

Total Equity Funding

$1.57 Million

No. of Funding Rounds

2

Latest Funding Round

$944.0 K, Seed

as of January 21, 2025

Post Money Valuation

$4.43 Million

as of January 21, 2025

Funding Multiple

2.82

as of January 21, 2025

Investors

IQ Capital

and 6 more

Employee Count

26

Similar Companies

Littlebox India

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 21, 2025Seed$944.0 K$4.4 Million-- IQ Capital, Antler
March 29, 2023Seed $625.0 K$5.9 Million--DeVC, SAB Holding, OTP Ventures, Good Capital , Angel List, Rk Maven Consulting

Recent News

No recent news available.