Bengaluru-based contract manufacturing platform Bidso is in discussions to secure a funding round of approximately ₹40 Cr to ₹50 Cr ($4.3 Mn to $5.4 Mn), according to sources.
The startup, known for its end-to-end management of general merchandise goods production, is set to raise the funds at a post-money valuation of around ₹250 Cr. The upcoming investment round is expected to be led by Blume Ventures, with existing backers like PeerCapital and DeVC also participating.
Founded in 2022, Bidso is led by founders Rahul Agarwal, Vivek Singhal, and Aditya Krishnakumar. The company focuses on providing bespoke manufacturing solutions, encompassing design, engineering, and production processes. Bidso’s offerings include various products like kick scooters, tricycles, and baby walkers.
With a commitment to transparency, quality, and efficiency, Bidso aims to empower brands to swiftly introduce and expand their product lines. The startup’s approach aligns with the current trend towards customizable, value-driven manufacturing strategies in the market.
As India strives to enhance its manufacturing capabilities, Bidso’s funding talks signify continued investor interest in the country’s startup ecosystem and manufacturing sector.
Source: Inc42 Media