IndoSup raises funding led by CCI Group Promoters Naresh Sharma And Satish Sharma

IndoSup, a B2B procurement platform specifically designed for small and medium construction businesses, has raised an undisclosed amount in a funding round led by CCI Group promoters Naresh Sharma and Satish Sharma, who now hold a majority stake in the company.

Post-funding, investors collectively own over 26% of IndoSup. Among these investors is Rohan Mittal, the CFO of Yatra.com, who has also invested in the round.

What does IndoSup do?

IndoSup acts as a bridge between construction material manufacturers and their buyers which include retailers, distributors, brands, and stockists. The platform helps streamline the procurement process, making it simpler and more efficient for all parties involved.

Focused on expansion and developing credit lending solutions

With the fresh capital, IndoSup is set to expand its reach into new geographic areas, including major Indian cities like Kolkata, Mumbai, and Chennai. The startup is also focusing on broadening its product offerings by introducing white-labeled products across 5-6 SKUs by February 2025.

In addition to geographic and product expansion, IndoSup is developing credit lending solutions in collaboration with major financial institutions. This initiative is aimed at supporting the working capital needs of its customers, further easing the procurement process in the construction industry.