Wydr raises funds in Series A from Stellaris, Bessemer and Jungle Ventures

| Updated: Jan 20, 2017 21:54 IST

New Delhi [India], Jan 20 (ANI): Mobile B2B marketplace Wydr has successfully raised second round of funding from Bessemer Venture Partners, Stellaris Venture Partners and Jungle Venture Partners. The company plans to utilize the fresh round of capital to expand its Seller Base across Wholesale Hubs in India, introduction of new categories and technology innovation delivering more value to its B2B users. "Wydr enables easier sourcing and better pricing for retailers while opening up new avenues of sales and better stock liquidation to the merchants. With it's innovative technology features, it enables data led inventory buying for it's buyers," said CEO and Founder Wydr, Devesh Rai. "B2B eCommerce is a very attractive segment and we believe the timing is right for innovation in this segment. We liked Wydr's approach to the business and with the proven track record of the founding team, we found it to be an exciting company to invest in," said Partner Stellaris Venture Partners, Rahul Chowdhri. (ANI)