Radar · B2B E-Commerce in India
Best B2B E-Commerce Companies in India
The 1523 best B2B E-Commerce companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Udaan.
By Riya SenguptaFinancials
1523companies tracked
$7.8Bdisclosed funding
6unicorns
272have raised
Ranked by disclosed equity funding and recent momentum, the B2B E-Commerce companies in India tracked here represent one of the most capital-dense digital commerce buildouts anywhere in emerging markets. $7.8B in total disclosed funding across 1,523 companies, six unicorns, and Udaan alone sitting at $1.9B raised. That's not a niche experiment. The global B2B e-commerce market was valued at roughly $7.4T in 2021 and is forecast to reach $18.8T by 2027 at an 11.92% CAGR, and India's role in that expansion is growing fast, driven by mobile commerce adoption and the sheer volume of underserved supply chains waiting to be digitized.
The revenue picture is what I find most clarifying. Across 522 filers, the combined revenue pool hits $7.3B, with a median of roughly $425K per company and 7% YoY growth. But the distribution is brutal and honest: Zetwerk Manufacturing Businesses posted $1.5B in revenue, Clicktech Retail $1.4B at a staggering 470% YoY jump, and Mogli Labs $661M. On net income, IndiaaMart Intermesh earned $64M, which is 5,598 times the sector median. So when you ask which companies here actually earn at scale, the answer is sharper than the funding headlines suggest. Data privacy and cybersecurity compliance are adding real structural costs across the board, but the earners are absorbing them.
Ranked: Best B2B E-Commerce companies in India
| # | Company | Revenue | Disclosed funding | Valuation | Revenue YoY | Employees | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | OfBusiness 🦄 Provider of an online platform for raw materials procurement and credit 83Funding top 13%Moat top 17%Market top 20%Talent top 23% All 11 signals ▾Fundingtop 13% Moattop 17% Markettop 20% Talenttop 23% Fin. healthtop 29% Techtop 34% Producttop 38% Innovationtop 40% Growthtop 46% Globalbottom 39% Newsbottom 34% Funding: Raised $758M across 14 rounds · 14 rounds over 11 yrs (1.3/yr) Moat: Top 1% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 83/100 | $2.7B FY2025 | $758M | $2.9B | +15% | 929 929 → 1,144 (+23%) · sector median +23% | Apple iCloud MailGoogle WorkspaceReact+17 | — | 1 internship · 1 partnership |
| 2 | Infra.Market 🦄 Provider of diverse building and construction materials for project lifecycles 83Funding top 9%Moat top 17%Market top 20%Fin. health top 24% All 12 signals ▾Fundingtop 9% Moattop 17% Markettop 20% Fin. healthtop 24% Partnerstop 26% Producttop 32% Innovationtop 34% Talenttop 34% Newstop 35% Growthtop 46% Techtop 47% Globalbottom 39% Funding: Raised $556M across 26 rounds · 26 rounds over 8 yrs (3.2/yr) Moat: Top 1% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 83/100 | $2.2B FY2025 | $556M | $2.6B | +26% | 2,803 2,803 → 1,945 (-31%) · sector median +23% | Apple iCloud MailMicrosoft 365PHP+20 | 11 signals ▼65% Funding · IPO · Capital raise | 1 expansion |
| 3 | Zetwerk 🦄 Manufacturing platform that connects businesses with a global network of suppliers for custom production 80Funding top 9%Moat top 17%Talent top 21%Tech top 24% All 10 signals ▾Fundingtop 9% Moattop 17% Talenttop 21% Techtop 24% Partnerstop 26% Markettop 34% Globaltop 36% Newstop 37% Fin. healthtop 47% Growthtop 49% Funding: Raised $698M across 19 rounds · 19 rounds over 8 yrs (2.4/yr) Moat: Top 1% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 80/100 | $1.5B FY2025 | $698M | $2.8B | -11% | 1 | WordPress Block EditorWordPressApple iCloud Mail+30 | 28 signals ▼20% IPO · Contracts · Leadership | 1 award |
| 4 | Udaan 🦄 B2B e-commerce platform for wholesale trade and distribution 69Funding top 17%Moat top 17%Market top 19%Talent top 19% All 12 signals ▾Fundingtop 17% Moattop 17% Markettop 19% Talenttop 19% Customerstop 26% Producttop 32% Techtop 40% Newstop 41% Fin. healthbottom 48% Innovationbottom 46% Globalbottom 45% Growthbottom 38% Funding: Raised $1.9B across 17 rounds · 17 rounds over 10 yrs (1.7/yr) Moat: Top 1% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $540M FY2025 | $1.9B | $1.8B | -20% | 1,881 | Node.jsAmazon Web ServicesReact+13 | 8 signals ▼69% M&A · Announcements · Funding | — |
| 5 | JSW One MSME 🦄 Online retailer of TMT, steel HR coil, and cement products 78Moat top 20%Fin. health top 23%Funding top 26%Market top 27% All 11 signals ▾Moattop 20% Fin. healthtop 23% Fundingtop 26% Markettop 27% Techtop 27% Innovationtop 34% Producttop 37% Newstop 45% Growthtop 46% Talentbottom 49% Globalbottom 37% Moat: Top 1% by revenue among 262 tracked Manufacturing Tech companies · Editorial + unicorn rating 7/10 Fin. health: Revenue ~$471M (FY2021) · Net margin -5.5% rank vs industry peers · Fliar Intelligence Index 78/100 | $471M FY2025 | $25M | $336M | +180% | 186 | TurbopackNode.jsNextAuth.js+21 | 5 signals ▼50% M&A · Funding · New product | 1 launch |
| 6 | Captain Fresh Digital first seafood supply chain platform 80Funding top 12%Fin. health top 19%Moat top 20%Market top 26% All 9 signals ▾Fundingtop 12% Fin. healthtop 19% Moattop 20% Markettop 26% Producttop 40% Growthtop 44% Newstop 45% Techtop 48% Globalbottom 39% Funding: Raised $166M across 13 rounds · 13 rounds over 6 yrs (2.2/yr) Fin. health: Revenue ~$410M (FY2023) · Net margin 1.2% rank vs industry peers · Fliar Intelligence Index 80/100 | $410M FY2025 | $166M | $490M | +144% | 276 276 → 406 (+47%) · sector median +23% | Apple iCloud MailGoogle WorkspaceNode.js+13 | 7 signals ▼67% IPO · M&A · Funding | — |
| 7 | FarMart Provider of digital infrastructure, market linkages, and financial capital for food enterprises 82Customers top 10%Moat top 20%Funding top 21%Fin. health top 26% All 13 signals ▾Customerstop 10% Moattop 20% Fundingtop 21% Fin. healthtop 26% Markettop 27% Producttop 32% Talenttop 38% Techtop 40% Growthtop 43% AItop 45% Innovationtop 47% Newsbottom 47% Globalbottom 39% Customers: App rating 4.7★ (2,603 reviews) · Marquee-customer mentions: top 17% of tracked companies Moat: Top 1% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 82/100 | $233M FY2025 | $48M | $140M | +45% | 320 320 → 710 (+122%) · sector median +23% | TurbopackNode.jsReact+9 | — | 1 launch |
| 8 | Metalbook B2B platform for metal sourcing, recycling, contract manufacturing, and financing 90Growth top 17%Moat top 18%Funding top 22%Market top 23% All 9 signals ▾Growthtop 17% Moattop 18% Fundingtop 22% Markettop 23% Fin. healthtop 28% Talenttop 28% Techtop 41% Globalbottom 48% Productbottom 48% Growth: Revenue +67% YoY · Fresh capital in last 24 mo Moat: Top 1% by revenue among 262 tracked Manufacturing Tech companies · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 90/100 | $158M FY2025 | $27M | — | +67% | — | Apple iCloud MailNode.jsRadix UI+20 | — | — |
| 9 | WayCool Provider of food supply chain management and farming solutions 62Funding top 15%Moat top 20%Market top 28%Talent top 28% All 11 signals ▾Fundingtop 15% Moattop 20% Markettop 28% Talenttop 28% Innovationtop 34% Producttop 34% Fin. healthtop 49% Globalbottom 46% Techbottom 44% Newsbottom 26% Growthbottom 25% Funding: Raised $361M across 26 rounds · 26 rounds over 10 yrs (2.6/yr) Moat: Top 1% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 62/100 | $157M FY2023 | $361M | $757M | — | 533 | UbuntuBootstrapGoogle Cloud+21 | — | — |
| 10 | Medikabazaar Online marketplace for medical supplies, equipment, and devices catering to healthcare providers 72Market top 20%Moat top 20%Tech top 24%Funding top 25% All 11 signals ▾Markettop 20% Moattop 20% Techtop 24% Fundingtop 25% Customerstop 25% Talenttop 28% Producttop 30% Newstop 46% Fin. healthbottom 48% Globalbottom 39% Growthbottom 34% Market: 585 employees (top 9% of B2B SaaS) · Revenue ~$155M Moat: Top 1% by revenue among 830 tracked Healthcare IT companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 72/100 | $155M FY2025 | $194M | $629M | -7% | 585 585 → 654 (+12%) · sector median +23% | Apple iCloud MailMicrosoft 365Node.js+24 | 7 signals ▼50% Funding · Earnings · Capital raise | 2 job openings · 1 partnership · 1 award |
| 11 | Vilcart Provider of tech-based logistics assistance solutions for rural retailers 80Growth top 21%Funding top 24%Moat top 24%Market top 28% All 10 signals ▾Growthtop 21% Fundingtop 24% Moattop 24% Markettop 28% Talenttop 28% Fin. healthtop 34% Producttop 50% Techbottom 39% Globalbottom 39% Newsbottom 21% Growth: Headcount 150 → 1,007 (+571%) across vintages · Fresh capital in last 24 mo Funding: Raised $21.4M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 80/100 | $133M FY2025 | $21M | $46M | — | 1,007 | Tailwind CSSReact RouterReact+8 | — | 4 job openings · 1 partnership · 1 award |
| 12 | Jumbotail 🦄 Operator of B2B marketplace and retail platform for food and grocery 69Funding top 16%Moat top 17%Product top 22%Market top 23% All 11 signals ▾Fundingtop 16% Moattop 17% Producttop 22% Markettop 23% Talenttop 35% Innovationtop 39% Techtop 45% Fin. healthtop 46% Growthbottom 43% Globalbottom 39% Newsbottom 31% Funding: Raised $159M across 10 rounds · 10 rounds over 11 yrs (0.9/yr) Moat: Top 1% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $110M FY2024 | $159M | $326M | +8% | 534 | WordPressApple iCloud MailGoogle Workspace+14 | — | — |
| 13 | Geniemode Sourcing and supply chain platform for retailers and suppliers 72Moat top 20%Funding top 21%Product top 25%Market top 30% All 12 signals ▾Moattop 20% Fundingtop 21% Producttop 25% Markettop 30% Talenttop 38% Innovationtop 39% Fin. healthtop 39% AItop 45% Growthtop 50% Techbottom 45% Globalbottom 37% Newsbottom 16% Moat: Top 1% by revenue among 13 tracked Cross Border E-Commerce companies · Editorial + unicorn rating 8/10 Funding: Raised $37.3M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $80M FY2025 | $37M | $154M | +20% | 211 211 → 249 (+18%) · sector median +23% | Cart FunctionalitySentryReact+10 | — | 2 job openings · 1 award |
| 14 | Apnaklub Provider of a business-to-business platform for fast-moving consumer goods 78Funding top 23%Moat top 23%Market top 28%Talent top 28% All 10 signals ▾Fundingtop 23% Moattop 23% Markettop 28% Talenttop 28% Growthtop 36% Fin. healthtop 37% Techtop 44% Producttop 50% Globalbottom 39% Newsbottom 22% Funding: Raised $29.3M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) Moat: Top 2% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 78/100 | $75M FY2025 | $29M | $83M | +17% | 539 539 → 278 (-48%) · sector median +23% | Node.jsYouTubeTailwind CSS+12 | — | — |
| 15 | Bijak Agritech platform empowering agricultural supply chain through innovative market solutions 64Moat top 9%Talent top 23%Funding top 26%Market top 32% All 10 signals ▾Moattop 9% Talenttop 23% Fundingtop 26% Markettop 32% Producttop 40% Techtop 41% Growthtop 50% Fin. healthbottom 45% Globalbottom 39% Newsbottom 27% Moat: Top 2% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 Talent: 5 named leaders on record · 5 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $66M FY2025 | $34M | $149M | -25% | 187 | WordPressMySQLPHP+16 | — | — |
| 16 | Vegrow Tech-driven B2B marketplace connecting farmers and customers for quality fruits 78Funding top 18%Moat top 20%Market top 25%Talent top 28% All 10 signals ▾Fundingtop 18% Moattop 20% Markettop 25% Talenttop 28% Techtop 32% Producttop 35% Fin. healthtop 43% Growthtop 46% Globalbottom 39% Newsbottom 27% Funding: Raised $86.5M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) Moat: Top 2% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 78/100 | $66M FY2025 | $87M | $279M | +36% | 637 637 → 764 (+20%) · sector median +23% | Node.jsRubyYouTube+14 | — | 2 job openings |
| 17 | ProcMart Online platform offering procurement and supply chain solutions 87Moat top 23%Market top 25%Fin. health top 25%Growth top 26% All 10 signals ▾Moattop 23% Markettop 25% Fin. healthtop 25% Growthtop 26% Talenttop 28% Fundingtop 29% Techtop 34% Producttop 46% Globalbottom 37% Newsbottom 24% Moat: Top 3% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 7/10 Market: 357 employees (top 20% of SaaS) · Revenue ~$63.5M rank vs industry peers · Fliar Intelligence Index 87/100 | $63M FY2025 | $40M | $115M | — | 357 357 → 628 (+76%) · sector median +23% | WordPressMySQLPHP+23 | — | 1 expansion · 1 award |
| 18 | Reshamandi Provider of digital supply chain management solution for sericulture farmers and silk reelers | $56M FY2022 | $70M | $74M | +1917% | 338 | — | — | — |
| 19 | ShopKirana Provider of B2B procurement platform for grocery retailers 64Moat top 21%Product top 26%Funding top 29%Market top 34% All 11 signals ▾Moattop 21% Producttop 26% Fundingtop 29% Markettop 34% Talenttop 34% Newstop 37% Innovationtop 39% Growthtop 46% Fin. healthbottom 49% Techbottom 48% Globalbottom 39% Moat: Top 3% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 Product: 4 distinct product lines · 4 published apps (360k installs) rank vs industry peers · Fliar Intelligence Index 64/100 | $56M FY2025 | $58M | $127M | — | 670 | Wix eCommerceWixSentry+12 | 4 signals ▲100% M&A | — |
| 20 | Groyyo Provider of AI-powered manufacturing automation platform for MSME garment factories 67Moat top 8%Talent top 23%Funding top 28%Market top 31% All 10 signals ▾Moattop 8% Talenttop 23% Fundingtop 28% Markettop 31% Techtop 31% AItop 45% Fin. healthbottom 49% Globalbottom 37% Growthbottom 29% Newsbottom 24% Moat: Top 2% by revenue among 61 tracked Brands Tech companies · Editorial + unicorn rating 8/10 Talent: 6 named leaders on record · 6 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 67/100 | $54M FY2024 | $33M | $234M | -13% | 147 147 → 117 (-20%) · sector median +23% | Cart FunctionalityWordPressMySQL+24 | — | — |
| 21 | Arya.ag Agritech platform offering integrated services to bridge gaps in the agricultural value chain 62Moat top 20%Funding top 22%Product top 24%Market top 33% All 10 signals ▾Moattop 20% Fundingtop 22% Producttop 24% Markettop 33% Fin. healthtop 34% Talenttop 38% Techtop 49% Globalbottom 39% Growthbottom 36% Newsbottom 22% Moat: Top 2% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $112M across 12 rounds · 12 rounds over 10 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $53M FY2025 | $112M | $325M | — | 763 763 → 1,221 (+60%) · sector median +23% | Apple iCloud MailGoogle WorkspaceGoogle Cloud+9 | — | — |
| 22 | Agrim Online retailer of agricultural inputs connecting retailers and suppliers 82Funding top 22%Moat top 23%Growth top 27%Market top 31% All 11 signals ▾Fundingtop 22% Moattop 23% Growthtop 27% Markettop 31% Producttop 32% Innovationtop 33% Techtop 35% Fin. healthtop 35% Customerstop 38% Talenttop 38% Globalbottom 39% Funding: Raised $36.8M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) Moat: Top 4% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 82/100 | $48M FY2025 | $37M | $67M | +33% | 256 | WordPressMySQLPHP+17 | — | 4 partnerships |
| 23 | NowPurchase Tech interfaced procurement marketplace for metal manufacturers 72Moat top 28%Growth top 32%Funding top 33%Talent top 34% All 11 signals ▾Moattop 28% Growthtop 32% Fundingtop 33% Talenttop 34% Fin. healthtop 35% Producttop 36% Innovationtop 39% Techtop 39% Markettop 45% Newsbottom 49% Globalbottom 37% Moat: Top 15% by revenue among 13 tracked Materials Tech companies · Editorial + unicorn rating 7/10 Growth: Headcount 47 → 79 (+68%) across vintages · Revenue +75% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $39M FY2025 | $10M | $10M | +75% | 79 79 → 138 (+75%) · sector median +23% | Cart FunctionalitySentryReact+13 | 6 signals ▼54% Funding | 1 internship · 1 award |
| 24 | SuperZop Platform offering wholesale grocery procurement solutions 69Talent top 22%Moat top 24%Funding top 27%Fin. health top 33% All 11 signals ▾Talenttop 22% Moattop 24% Fundingtop 27% Fin. healthtop 33% Producttop 33% Innovationtop 34% Growthtop 36% Markettop 41% Globalbottom 37% Techbottom 33% Newsbottom 22% Talent: Analyst team rating 5/5 · 4 named leaders on record Moat: Top 5% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $29M FY2025 | $8M | $14M | +50% | 123 123 → 137 (+11%) · sector median +23% | particles.jsAnimate.cssBootstrap+10 | — | 2 partnerships |
| 25 | Bizongo Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions 62Moat top 21%Funding top 26%Market top 36%Tech top 36% All 11 signals ▾Moattop 21% Fundingtop 26% Markettop 36% Techtop 36% Producttop 41% AItop 45% Talentbottom 49% Fin. healthbottom 48% Growthbottom 43% Globalbottom 39% Newsbottom 27% Moat: Top 4% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 8/10 Funding: Raised $253M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $23M FY2023 | $253M | $945M | +37% | 272 | WebflowYouTubeGoogle Cloud+21 | — | — |
| 26 | Magma Provider of integrated industrial marketplace for manufacturers 50Moat top 23%Funding top 37%Fin. health top 41%Tech top 44% All 9 signals ▾Moattop 23% Fundingtop 37% Fin. healthtop 41% Techtop 44% Growthtop 45% Producttop 47% Talentbottom 49% Marketbottom 46% Globalbottom 37% Moat: Top 4% by revenue among 262 tracked Manufacturing Tech companies · Editorial + unicorn rating 7/10 Funding: Raised $3.3M across 6 rounds · 6 rounds over 4 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $22M FY2025 | $3M | $10M | — | 13 | UbuntuTailwind CSSApache HTTP Server+12 | — | 1 launch |
| 27 | Crofarm B2B supply chain for fresh farm produce 76Moat top 22%Funding top 29%Market top 32%Innovation top 33% All 11 signals ▾Moattop 22% Fundingtop 29% Markettop 32% Innovationtop 33% Talenttop 35% Growthtop 36% Producttop 36% Fin. healthtop 40% Techtop 42% Globalbottom 39% Newsbottom 27% Moat: Top 6% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 Funding: Raised $41.7M across 10 rounds · 10 rounds over 10 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 76/100 | $20M FY2024 | $42M | $109M | +58% | 233 | UbuntuGoogle MapsBootstrap+10 | — | — |
| 28 | Saveo Offers a B2B managed marketplace for pharmacies 57Moat top 19%Funding top 28%Tech top 32%Talent top 34% All 10 signals ▾Moattop 19% Fundingtop 28% Techtop 32% Talenttop 34% Markettop 37% Productbottom 48% Fin. healthbottom 45% Globalbottom 39% Growthbottom 37% Newsbottom 34% Moat: Top 2% by revenue among 44 tracked Pharmacy IT companies · Editorial + unicorn rating 8/10 Funding: Raised $12.2M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $19M FY2025 | $12M | $25M | -19% | 133 133 → 164 (+23%) · sector median +23% | TypeScriptChart.jsGoogle Cloud+19 | — | 1 job opening |
| 29 | DCGpac Online platform offering packaging materials and supply-chain services for businesses 64Moat top 23%Growth top 30%News top 30%Talent top 38% All 10 signals ▾Moattop 23% Growthtop 30% Newstop 30% Talenttop 38% Markettop 39% Techtop 43% Fin. healthtop 44% Fundingtop 46% Productbottom 40% Globalbottom 39% Moat: Top 4% by revenue among 52 tracked Packaging Tech companies · Editorial + unicorn rating 7/10 Growth: Headcount 127 → 145 (+14%) across vintages · Revenue +60% YoY rank vs industry peers · Fliar Intelligence Index 64/100 | $18M FY2025 | $3M | $11M | +60% | 145 145 → 154 (+6%) · sector median +23% | Cart FunctionalityMagentoMySQL+22 | 4 signals ▲300% Capital raise · Incorporation · Funding | 1 award |
| 30 | Mtandt Aerial Work Platforms & Equipment Rentals | Buy or Rent 60Talent top 28%Moat top 29%News top 38%Market top 41% All 11 signals ▾Talenttop 28% Moattop 29% Newstop 38% Markettop 41% Innovationtop 42% Growthtop 42% Fin. healthtop 42% Producttop 44% Techtop 49% Fundingbottom 42% Globalbottom 36% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 6% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 60/100 | $16M FY2025 | $623K | $3M | +28% | 770 770 → 513 (-33%) · sector median +23% | — | 3 signals Funding | 1 job opening |
| 31 | Printo Online platform specializing in custom printing and gifting services | $14M FY2025 | $18M | $13M | -10% | 504 504 → 646 (+28%) · sector median +23% | SentryUnbounceAlgolia+31 | 5 signals Announcements · M&A | — |
| 32 | Headsup B2B Provider of building construction raw materials, safety products, and industrial equipment 55Moat top 29%Tech top 32%Fin. health top 35%Growth top 45% All 9 signals ▾Moattop 29% Techtop 32% Fin. healthtop 35% Growthtop 45% Markettop 48% Fundingtop 50% Talentbottom 49% Globalbottom 30% Newsbottom 18% Moat: Top 7% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 5/10 Tech: 22 technologies across 5/8 capability areas · Cloud: Vercel rank vs industry peers · Fliar Intelligence Index 55/100 | $14M FY2025 | $2M | — | — | 15 15 → 28 (+87%) · sector median +23% | TypeScriptGraphQLNode.js+18 | — | 1 partnership |
| 33 | Frendy Digitized convenience store network solutions for retailers | $10M FY2023 | $6M | $26M | +106% | 29 | WordPressDrupalMySQL+24 | — | — |
| 34 | Qwipo Inc SaaS e-commerce platform for the B2B sector, designed to connect manufacturers, prime vendors, and business… 42Moat top 30%Innovation top 40%Product top 41%Customers top 44% All 11 signals ▾Moattop 30% Innovationtop 40% Producttop 41% Customerstop 44% Talenttop 45% Techtop 49% Marketbottom 45% Fin. healthbottom 45% Fundingbottom 43% Growthbottom 39% Globalbottom 25% Moat: Top 9% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 5/10 Innovation: 3 product lines rank vs industry peers · Fliar Intelligence Index 42/100 | $10M FY2025 | $603K | $6M | -9% | 21 | TypeScriptUbuntuZone.js+8 | — | — |
| 35 | ZYOD Platform offering technology-enabled fashion manufacturing solutions 67Moat top 27%Tech top 28%Funding top 29%Growth top 33% All 9 signals ▾Moattop 27% Techtop 28% Fundingtop 29% Growthtop 33% Talenttop 38% Markettop 46% Fin. healthtop 48% Globalbottom 39% Newsbottom 21% Moat: Top 13% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 7/10 Tech: 36 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud rank vs industry peers · Fliar Intelligence Index 67/100 | $10M FY2025 | $22M | $50M | +165% | 79 79 → 146 (+85%) · sector median +23% | WebflowZohoZepto+14 | — | 1 job opening |
| 36 | Shoption Provider of a platform offering B2B irrigation products and equipment | $9M FY2024 | $413K | $8M | +174% | 42 42 → 65 (+55%) · sector median +23% | DartFirebaseFlutter+11 | — | — |
| 37 | TyrePlex Online retailer of tyres for cars, bikes, and commercial vehicles 50Talent top 23%Growth top 32%Moat top 34%Funding top 47% All 10 signals ▾Talenttop 23% Growthtop 32% Moattop 34% Fundingtop 47% Techtop 50% Marketbottom 44% Productbottom 40% Fin. healthbottom 38% Globalbottom 37% Newsbottom 18% Talent: 5 named leaders on record · 5 C-suite/founder profiles curated Growth: Headcount 44 → 47 (+7%) across vintages · Revenue +27% YoY rank vs industry peers · Fliar Intelligence Index 50/100 | $7M FY2025 | $2M | $10M | +27% | 47 47 → 51 (+9%) · sector median +23% | Apple iCloud MailGoogle WorkspacePHP+20 | — | 1 launch |
| 38 | SalesCode.ai Provider of AI-powered sales automation and eB2B solutions for CPG 83Customers top 10%Tech top 26%Talent top 28%AI top 30% All 11 signals ▾Customerstop 10% Techtop 26% Talenttop 28% AItop 30% Moattop 34% Growthtop 35% Fin. healthtop 36% Markettop 38% Fundingtop 39% Producttop 41% Globalbottom 37% Customers: Play-Store rating 4.69★ across 98,873 ratings (28 apps) Tech: 65 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 83/100 | $6M FY2025 | $35M | $23M | — | 348 348 → 303 (-13%) · sector median +23% | WordPressMySQLPHP+37 | — | — |
| 39 | Eazeebox E-distributor offering consumer electronics | $4M FY2024 | $884K | — | +89% | 30 30 → 30 (+0%) · sector median +23% | Framer SitesReactLenis+7 | — | 1 partnership |
| 40 | Stackbox Provider of cloud-based supply chain automation solutions 72Moat top 26%Innovation top 28%Talent top 28%Tech top 33% All 11 signals ▾Moattop 26% Innovationtop 28% Talenttop 28% Techtop 33% Newstop 35% Producttop 37% Markettop 41% Fin. healthtop 41% Growthtop 43% Fundingtop 46% Globalbottom 45% Moat: Top 11% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 7/10 Innovation: 10 product lines rank vs industry peers · Fliar Intelligence Index 72/100 | $4M FY2025 | $3M | $13M | +41% | 89 89 → 140 (+57%) · sector median +23% | Apple iCloud MailNode.jsRadix UI+14 | 4 signals Funding | 1 job opening |
| 41 | Material Depot Online platform offering a digital material library for discovering and sourcing materials for home decor and… 60Talent top 28%Funding top 29%Tech top 35%Moat top 42% All 8 signals ▾Talenttop 28% Fundingtop 29% Techtop 35% Moattop 42% Markettop 44% Productbottom 48% Globalbottom 45% Fin. healthbottom 39% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $14.1M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $2M FY2025 | $14M | — | — | — | Cart FunctionalityNode.jsNextAuth.js+25 | — | — |
| 42 | Swageazy Provider of curated corporate gifts and custom branded merchandise solutions | $2M FY2025 | $941K | $3M | — | 42 42 → 61 (+45%) · sector median +23% | Cart FunctionalityTypeScriptNode.js+22 | 5 signals Funding · Capital raise | — |
| 43 | Fairdeal Market Quickcommerce for retail B2B segment 48Talent top 38%Funding top 41%Product top 41%Moat top 41% All 9 signals ▾Talenttop 38% Fundingtop 41% Producttop 41% Moattop 41% Growthtop 44% Fin. healthtop 46% Techtop 48% Marketbottom 39% Globalbottom 39% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $2.1M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $2M FY2025 | $2M | $5M | +1261% | 27 | TurbopackNode.jsanime.js+14 | — | — |
| 44 | WizCommerce AI-powered sales and ecommerce solutions for wholesalers and distributors 50Funding top 37%Talent top 38%Tech top 40%AI top 45% All 9 signals ▾Fundingtop 37% Talenttop 38% Techtop 40% AItop 45% Moattop 45% Growthtop 47% Marketbottom 46% Globalbottom 37% Fin. healthbottom 28% Funding: Raised $5.5M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 50/100 | $966K FY2025 | $5M | $23M | — | 63 | WordPressMySQLPHP+35 | — | 1 launch |
| 45 | Fashinza Platform offering AI-enabled production solutions for the fashion industry | $651K FY2025 | $83M | $10M | +330% | 3 | Node.jsSalesforceGoogle Maps+21 | — | — |
| 46 | Mad Over Buildings Provider of online procurement and credit for construction materials | $385K FY2025 | $264K | $3M | — | — | Cart FunctionalityNode.jsAnt Design+11 | — | — |
| 47 | Navo Retailer of wholesale clothing, including menswear, womenswear, and kidswear | $219K FY2025 | $2M | — | +815% | — | Node.jsUbuntuVideoJS+15 | — | — |
| 48 | Thread Factory Fashion supply platform that connects small apparel retailers with manufacturers and wholesalers | $4K FY2025 | $160K | — | +1559% | — | Cart FunctionalityWooCommerceWordPress+33 | — | — |
| 49 | Ninjacart India's leading agritech platform empowering agri citizens through technology and innovation 40Talent top 25%Funding top 29%Product top 40%Tech top 43% All 12 signals ▾Talenttop 25% Fundingtop 29% Producttop 40% Techtop 43% Innovationtop 44% Customersbottom 46% Moatbottom 46% Marketbottom 42% Globalbottom 39% Growthbottom 33% Newsbottom 26% Fin. healthbottom 26% Talent: Analyst team rating 4/5 · 5 named leaders on record Funding: Raised $508M across 10 rounds · 10 rounds over 11 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 40/100 | $2K FY2025 | $508M | $756M | -18% | 1,181 | WordPress Block EditorElementorWordPress+35 | — | 1 partnership |
| 50 | HomeRun Platform offering E-commerce brand delivering construction and interior building materials 74Growth top 20%Funding top 29%Tech top 32%Market top 40% All 7 signals ▾Growthtop 20% Fundingtop 29% Techtop 32% Markettop 40% Producttop 47% Talentbottom 49% Globalbottom 36% Growth: Web rank 1,000,000 → 100,000 YoY · Fresh capital in last 24 mo Funding: Raised $7.6M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 74/100 | — | $8M | — | — | — | Cart FunctionalityShopifyAwesomplete+23 | — | 1 job opening · 1 partnership |
Top 12 B2B E-Commerce companies in India
#1
Zetwerk 🦄Series F · Bengaluru, Karnataka · founded 2018 · 1 employees$697.6Mraised▾
Zetwerk 🦄
Series F · Bengaluru, Karnataka · founded 2018 · 1 employees
Manufacturing platform that connects businesses with a global network of suppliers for custom production. It connects OEMs with partner suppliers for end-to-end production of precision parts, capital goods, and consumer products. The company provides processes like die casting, CNC machining, forging, extrusions, injection molding, sheet metal stamping, investment casting, assemblies, and prototyping.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 9%Moat
top 17%Talent
top 21%Tech
top 24%Partners
top 26%Market
top 34%Funding: Raised $698M across 19 rounds · 19 rounds over 8 yrs (2.4/yr) · Last round Series F (Mar 2026)
Moat: Top 1% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 9/10 · Unicorn
Talent: 5 named leaders on record · 5 C-suite/founder profiles curated · 5 leadership moves in 12 mo
Audience (LinkedIn): 122k LinkedIn followers — 7.9% of this cohort's audience · 428 engagements/post (12.6× cohort median)
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026Series F$52.8M
- Jul 2025Series F$76.6M
- Jul 2025Conventional Debt$8.7M
- Mar 2025Series F$14.9M
Founders & team
Investors
Innoven Capital, Greenoaks, Iconiq Capital, IIFL Finance, Steadview, Avenir Growth Capital
Tech stack
Amazon S3Amazon Web ServicesAngularApple Icloud MailAws Certificate ManagerCloudflare
#2
Series E · Chennai, Tamil Nadu · founded 2015 · 533 employees$360.9Mraised▾
Series E · Chennai, Tamil Nadu · founded 2015 · 533 employees
Provider of food supply chain management and farming solutions. It is a provider of food supply chain management and farming solutions. The company leverages technology to deliver fresher, cleaner, and better produce to consumers by streamlining the farm-to-fork supply chain. Its offerings include food development and distribution services.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 15%Moat
top 20%Market
top 28%Talent
top 28%Innovation
top 34%Product
top 34%Funding: Raised $361M across 26 rounds · 26 rounds over 10 yrs (2.6/yr) · Last round Series E (Mar 2026)
Moat: Top 1% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Market: 533 employees (top 8% of Food and Agriculture Tech) · Revenue ~$157M · ~1% of tracked Crop Tech revenue (1177 cos, FY2025)
Funding rounds
- Mar 2026Series E$22.7M
- Dec 2024Series D$4.4M
- Oct 2024Venture Debt$13.1M
- Jun 2024Series D$1.9M
Founders & team
Investors
Innoven Capital, Lightbox, FMO, Lightrock India, Stride Ventures, Trifecta Capital
Tech stack
UbuntuBootstrapApache Http ServerCloudflareSwiperNetcore Cloud
#3
Series C · Bengaluru, Karnataka · founded 2019 · 276 employees$166.5Mraised▾
Series C · Bengaluru, Karnataka · founded 2019 · 276 employees
Digital first seafood supply chain platform. They digitize every step of the seafood supply chain, from catch and farms to export and retail, aiming for traceability, quality assurance, and reduced waste.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 12%Fin. health
top 19%Moat
top 20%Market
top 26%Product
top 40%Growth
top 44%Funding: Raised $166M across 13 rounds · 13 rounds over 6 yrs (2.2/yr) · Last round Conventional Debt (Mar 2026)
Fin. health: Revenue ~$410M (FY2023) · Net margin 1.2% · Revenue +144% YoY
Moat: Top 1% by revenue among 40 tracked Aquaculture Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Audience (LinkedIn): 32k LinkedIn followers — 2.1% of this cohort's audience · 51 engagements/post (1.5× cohort median)
Funding rounds
- Mar 2026Conventional Debt$31.4M
- Oct 2025Series C—
- Jan 2025Series C$29.9M
- Jan 2025Venture Debt$2.3M
Investors
SBI Investment, Accel, Prosus, Tiger Global Management, Innoven Capital, Alteria Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAnimate.CssApple Icloud MailAws Certificate Manager
#4
Series G · Thane, Maharashtra · founded 2016 · 2803 employees$555.7Mraised▾
Series G · Thane, Maharashtra · founded 2016 · 2803 employees
Provider of diverse building and construction materials for project lifecycles. The company offers structural, finishing, and lifestyle products, including concrete, steel, and paints. It operates a multi-channel distribution network, serving both business-to-business and business-to-retail segments. The company provides a range of in-house and third-party brands.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Funding
top 9%Moat
top 17%Market
top 20%Fin. health
top 24%Partners
top 26%Product
top 32%Funding: Raised $556M across 26 rounds · 26 rounds over 8 yrs (3.2/yr) · Last round Series G (Nov 2025)
Moat: Top 1% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 9/10 · Unicorn
Market: 2,803 employees (top 1% of Real Estate and Construction Tech) · Revenue ~$2.2B · ~28% of tracked Construction Tech revenue (257 cos, FY2025)
Audience (LinkedIn): 85k LinkedIn followers — 5.5% of this cohort's audience
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Nov 2025Series G$48.2M
- Sep 2025Series G$54.9M
- Jun 2025Conventional Debt$150M
- Jun 2025Series F$10.9M
Founders & team
Investors
Avendus, Yukti Securities, Goenka Realtors, Kritagyata, Connaught Plaza Restaurant, Pratithi Investments
Tech stack
Apache Http ServerApple Icloud MailBootstrapCdnjsCloudflareFont Awesome
#5
Udaan 🦄Series G · Bengaluru, Karnataka · founded 2016 · 1881 employees$1.9Braised▾
Udaan 🦄
Series G · Bengaluru, Karnataka · founded 2016 · 1881 employees
B2B e-commerce platform for wholesale trade and distribution. It operates across diverse categories such as FMCG, staples, fruits and vegetables, healthcare, and pharma. The platform provides tools for order management, payment processing, and logistics. It aims to streamline the buying and selling process for businesses.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 17%Moat
top 17%Market
top 19%Talent
top 19%Customers
top 26%Product
top 32%Funding: Raised $1.9B across 17 rounds · 17 rounds over 10 yrs (1.7/yr) · Last round Series G (Jun 2025)
Moat: Top 1% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 9/10 · Unicorn
Market: 1,881 employees (top 5% of SaaS) · Revenue ~$540M · ~7% of tracked B2B E-Commerce revenue (449 cos, FY2025)
Funding rounds
- Jun 2025Series G$39M
- Feb 2025Series G$75M
- Oct 2024Conventional Debt$35.7M
- Dec 2023Series E$377.1M
Founders & team
Investors
Microsoft, Kaiser Permanente, Nomura, Arena Investors, Samena Capital, Ishana Capital
Tech stack
Amazon S3Amazon Web ServicesAzure Edge NetworkClevertapCloudflareExpress
#6
Series D · Noida, Uttar Pradesh · founded 2013 · 763 employees$112.2Mraised▾
Series D · Noida, Uttar Pradesh · founded 2013 · 763 employees
Agritech platform offering integrated services to bridge gaps in the agricultural value chain. It operates an integrated grain commerce platform, providing a range of services that help bridge gaps in the agricultural value chain. The platform enables buyers and sellers to find the best prices for commodities and offers secure storage solutions.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Moat
top 20%Funding
top 22%Product
top 24%Market
top 33%Fin. health
top 34%Talent
top 38%Moat: Top 2% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $112M across 12 rounds · 12 rounds over 10 yrs (1.2/yr) · Last round Series D (Jan 2026)
Product: 4 published apps (17.9k installs) · Company stage: Series D
Audience (LinkedIn): 36k LinkedIn followers — 2.3% of this cohort's audience
Funding rounds
- Jan 2026Series D$56.7M
- Jan 2025Conventional Debt$30M
- Oct 2024Conventional Debt$19.8M
- Jul 2024Conventional Debt$8M
Founders & team
Investors
Lightrock India, Omnivore, Accion, Impact Asia, Quona, Lightrock
Tech stack
Apple Icloud MailGodaddyGoogle AnalyticsGoogle CloudGoogle Cloud CdnGoogle Workspace
#7
Series G · Delhi, Delhi · founded 2015 · 929 employees$758.4Mraised▾
Series G · Delhi, Delhi · founded 2015 · 929 employees
Provider of an online platform for raw materials procurement and credit. The platform facilitates the buying and selling of raw materials across various categories. It offers services such as price discovery, access to credit, and order management. The company functions as a supplier, manufacturer, importer, and exporter.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Funding
top 13%Moat
top 17%Market
top 20%Talent
top 23%Fin. health
top 29%Tech
top 34%Funding: Raised $758M across 14 rounds · 14 rounds over 11 yrs (1.3/yr) · Last round Series G (Apr 2025)
Moat: Top 1% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 9/10 · Unicorn
Market: 929 employees (top 11% of SaaS) · Revenue ~$2.7B · ~32% of tracked Construction Tech revenue (257 cos, FY2025)
Audience (LinkedIn): 70k LinkedIn followers — 4.5% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. inFeedo AI) announced in 12 mo
Funding rounds
- Apr 2025Series G$11.7M
- Oct 2024Angel$5.9M
- Apr 2024Series G$707.9K
- Jul 2023Series G$5.7M
Founders & team
Investors
VR Sikka Consulting, Tangerine, Innoven Capital, Alpha Wave Global, Creation Investments, Z47
Tech stack
Amazon SesAmazon Web ServicesApple Icloud MailAws Certificate ManagerCore-JsEmotion
#8
Series C · Bengaluru, Karnataka · founded 2020 · 637 employees$86.5Mraised▾
Series C · Bengaluru, Karnataka · founded 2020 · 637 employees
Tech-driven B2B marketplace connecting farmers and customers for quality fruits. This company revolutionizes the fruit ecosystem using technology to empower farmers and deliver quality produce. They ensure consistent quality and pricing through a strong farmer network and advanced matchmaking technology. Their multi-channel approach expands market access, connecting produce with diverse buyers. The platform aggregates orders, selects farms, and uses technology for quality assurance and delivery. They maximize farmer income through precise grading and efficient marketing, offering digital enablement and reducing wastage. This creates a sustainable agricultural ecosystem with year-round availability and diverse fruit selection, delivering the right quality at the right price.
Fliar Intelligence Index™ 78how this company ranks against its industry peers
Funding
top 18%Moat
top 20%Market
top 25%Talent
top 28%Tech
top 32%Product
top 35%Funding: Raised $86.5M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) · Last round Series C (Oct 2025)
Moat: Top 2% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 · Soonicorn
Market: 637 employees (top 7% of B2B SaaS) · Revenue ~$65.6M · Top 2% by revenue among 804 tracked Online Grocery peers
Audience (LinkedIn): 130k LinkedIn followers — 8.4% of this cohort's audience
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: BizOps Analyst – Exports, Senior Executive – Operations & Quality (Global Exports)
Funding rounds
- Oct 2025Series C$112.8K
- Oct 2025Venture Debt—
- Dec 2023Series C$46M
- Nov 2022Series B—
Founders & team
Investors
Prosus, Elevation Capital, Ankur Capital, Naspers, Lightspeed, Z47
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAnt DesignBootstrapCdnjs
#9
Series A · Gurugram, Haryana · founded 2023 · 79 employees$21.5Mraised▾
Series A · Gurugram, Haryana · founded 2023 · 79 employees
Platform offering technology-enabled fashion manufacturing solutions. It provides end-to-end support for fashion brands, from design and fabric sourcing to production and delivery coordination. The platform is designed to streamline manufacturing processes through digital tools and operational integration
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Moat
top 27%Tech
top 28%Funding
top 29%Growth
top 33%Talent
top 38%Market
top 46%Moat: Top 13% by revenue among 449 tracked B2B E-Commerce companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Tech: 36 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud · Observability: Sentry
Funding: Raised $21.5M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) · Last round Series A (Feb 2026)
Audience (LinkedIn): 11k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Senior Designer
Funding rounds
- Feb 2026Series A$1.3M
- Jun 2024Series A$18M
- Jun 2024Conventional Debt—
- Mar 2023Seed$3.5M
Founders & team
Investors
Panthera Peak Capital, True Alpha, Alteria Capital, Manufamily, Lightspeed, FJ Labs
Tech stack
BootstrapCdnjsCloudflareFont AwesomeGoogle AnalyticsGoogle Font Api
#10
Series D · Bengaluru, Karnataka · founded 2015 · 534 employees$159.4Mraised▾
Series D · Bengaluru, Karnataka · founded 2015 · 534 employees
Operator of B2B marketplace and retail platform for food and grocery. The business reengineers the food and grocery value chain using technology and design. It provides a marketplace platform connecting retailers with brands and producers. The business offers supply chain, logistics, payment solutions, and access to working capital. It provides retail-as-a-service with point-of-sale integrated with supply chain and financial technology.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 16%Moat
top 17%Product
top 22%Market
top 23%Talent
top 35%Innovation
top 39%Funding: Raised $159M across 10 rounds · 10 rounds over 11 yrs (0.9/yr) · Last round Series D (Jun 2025)
Moat: Top 1% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 8/10 · Unicorn
Product: 5 distinct product lines · 4 published apps (858k installs) · Company stage: Series D
Audience (LinkedIn): 49k LinkedIn followers — 3.2% of this cohort's audience · 326 engagements/post (9.6× cohort median)
Activity (LinkedIn): 1 partnerships (incl. NEC Corporation Japan) announced in 12 mo
Funding rounds
- Jun 2025Series D$120M
- Mar 2024Series C$18.2M
- May 2023Series C$459.2K
- Mar 2023Venture Debt$9.1M
Founders & team
Investors
Artal Asia, Heron Rock, Reaction, VII Ventures, Jarvis Reserve Fund, Sabre Investment
Tech stack
Amazon SesAmazon Web ServicesAngular MaterialAngularjsApache Http ServerApple Icloud Mail
#11
Series B · Kolkata, West Bengal · founded 2017 · 79 employees$10Mraised▾
Series B · Kolkata, West Bengal · founded 2017 · 79 employees
Tech interfaced procurement marketplace for metal manufacturers. It offers software to optimize production and streamline the procurement process. The solutions include raw materials distribution, quote generation, quality inspection, inventory management, and more. It supplies multiple products including power tools, electrical, fasteners, industrial bearings, and more.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Moat
top 28%Growth
top 32%Funding
top 33%Talent
top 34%Fin. health
top 35%Product
top 36%Moat: Top 15% by revenue among 13 tracked Materials Tech companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Growth: Headcount 47 → 79 (+68%) across vintages · Revenue +75% YoY · Fresh capital in last 24 mo
Funding: Raised $10.0M across 4 rounds · 4 rounds over 7 yrs (0.6/yr) · Last round Series B (Mar 2026)
Audience (LinkedIn): 35k LinkedIn followers — 2.2% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026Series B$8.5M
- Sep 2024Conventional Debt—
- Dec 2023Series A$6M
- Nov 2021Seed$2.4M
Founders & team
Investors
Orios Venture Partners, Ie Venture, Crimson, Info Edge Ventures, Nipha Finance and Reality, 100Unicorns
Tech stack
Amazon S3Amazon Web ServicesAmplitudeAnimate.CssBootstrapCart Functionality
#12
Series E · Mumbai, Maharashtra · founded 2015 · 272 employees$252.6Mraised▾
Series E · Mumbai, Maharashtra · founded 2015 · 272 employees
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions. It offers features including digital vendor management, material procurement management, supply chain financing, packaging sourcing, purchase order management, and more. It caters to multiple industries including packaging, textiles, apparel, and more.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Moat
top 21%Funding
top 26%Market
top 36%Tech
top 36%Product
top 41%AI
top 45%Moat: Top 4% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $253M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) · Last round Series E (Mar 2025)
Market: 272 employees (top 22% of Fintech) · Revenue ~$23.1M · ~1% of tracked E-Commerce Enablers revenue (334 cos, FY2025)
Funding rounds
- Mar 2025Series E$4.5M
- Oct 2023Series E$50M
- Aug 2022Series D$25M
- Dec 2021Grant (prize money)—
Founders & team
Investors
Schroders Capital, British International Investment, International Finance Corp, Chiratae Ventures, IFC, B Capital
Tech stack
Amazon SesAmazon Web ServicesClevertapCloudflareCloudflare Bot ManagementCore-Js
Funding & investor landscape
$7.8Btotal disclosed funding
256companies funded
830disclosed rounds
5rounds last 90 days
Most active investors
Notable founders
Ankit Fatehpuria
Co-Founder & CFO · Zetwerk
Vishal Chaudhary
Co-Founder · Zetwerk
Vignesh Manogaran
Co-Founder · WayCool
Sendhil Kumar
Co-Founder · WayCool
Souvik Sengupta
Co-Founder · Infra.Market
Aaditya Sharda
Co-Founder · Infra.Market
Akash Gupta
Owner · Udaan
Vaibhav Gupta
Co-Founder · Udaan
Chattanathan Devarajan
Co-Founder & MD · Arya.ag
Prasanna Rao
Co-Founder and CEO · Arya.ag
Jaivee Joseph
Co-Founder · OfBusiness
Vasant Sridhar
Co-Founder & CSO · OfBusiness
Prism market signals · India · country-scoped Prism corpus, 6,090,303 docs
Market landscape — 10 sub-themes by coverage
Share of B2B E-Commerce coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many B2B E-Commerce companies are there in India?
Radar tracks 1523 indexable B2B E-Commerce companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by B2B E-Commerce companies in India?
The B2B E-Commerce companies in India on this list have raised a combined $7.8B in disclosed equity funding across 256 funded companies.
Which is the highest-funded B2B E-Commerce company in India?
Udaan is the highest-funded B2B E-Commerce company in India, with $1.9B in disclosed equity funding.
How many B2B E-Commerce companies in India are funded?
256 of the 1523 B2B E-Commerce companies in India on this list have disclosed at least one equity funding round.
How many B2B E-Commerce unicorns are there in India?
6 B2B E-Commerce companies in India on this list are valued at $1B or more.
Who are the top investors in India B2B E-Commerce companies?
The most active investors in India B2B E-Commerce companies on this list include Angel List, Stride Ventures, LetsVenture, Trifecta Capital, Wellfound.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.