Online procurement platform Adurcup raises bridge round of funding led by Venture Catalysts

img

Adurcup, operated by Adcount Technologies Pvt. Ltd has raised a bridge round of funding led by startup incubation platform Venture Catalysts.

Bengaluru, 16 Jan, 2019. RedNewswire/-

Adurcup was founded by Kumar Kushang, Abhishek Verma, Harshit Mittal and Nitin Prakash in July 2015. It is a web and mobile enabled platform for restaurants to transact across multiple verticals from a verified vendor base on daily basis.

It helps the Restaurants in 4 different domains including procurement of packaging materials, housekeeping materials, providing standardized pest control services and helping them to connect to their customers while providing their customers a Social WiFi solution.

With these solutions, Adurcup today impacts more than 1 million dining out experiences , half a million food deliveries and empowers more than 500+ SME’s in the value chain.

Other Individual investors, Dipan Dalal of MK Ingredients & Specialities, Navin Pansari of Olympia Industries Ltd., Sudhanshu Rastogi of Sarc Infrastate Ltd, Somesh Bhatia of FCC Projects Pvt. Ltd and Singapore-based venture capitalist Tushar Aggarwal also participated in the funding round.

Also Read:  Global VRLA Batteries Market Size, Share, Growth, Trend and Forecast - 2024

The newly raised funds will be used to train the distributor network in using technology and expanding its presence in all the major metro cities, especially Mumbai and Bengaluru. It will also use the money to set up a supply chain network, said Kumar Kushang, co-founder of Adurcup.  

Abhishek Verma, chief operating officer and co-founder of Adurcup, said the company has so far been focussed on the non-perishable segment in the restaurants. After expanding in the national capital region, it is now looking to establish its presence in supply chain automation across the country, he added. 

Apoorv Ranjan Sharma, co-founder and president of Venture Catalysts, said Adurcup has created a strong database on the basis of digital transactions. It has recorded half a million food deliveries and helps more than 500 small and medium businesses in the value chain. Adurcup is moving closer towards its vision of building the technology infrastructure long awaited to bolster industry’s supply chain.”

In March 2017, Adurcup raised pre-Series A funding from some existing investors and others. It has raised a total of $425K in funding over 4 rounds.

Featured image source