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§ Private Profile · Bengaluru, India
Ximkart is a technology company.
Ximkart operates as a digital platform facilitating the global sourcing and procurement of raw materials for manufacturers. The company leverages technology to simplify the complex process of cross-border raw material acquisition, offering solutions for discovery, ordering, and supply chain management. This approach aims to bring transparency and efficiency to a historically opaque and fragmented market.
The company was co-founded by Sharan Urubail, who serves as CEO, and Ankush Mittal, the COO. They established Ximkart with the core insight that international raw material sourcing was hindered by a lack of trust, transparency, and accountability among multiple intermediaries. Their vision was to build a system that would streamline these interactions and provide a more reliable supply chain for manufacturing businesses.
Ximkart primarily serves manufacturers, both large and small, who require access to diverse raw materials to produce their goods. The company's overarching vision is to empower these manufacturers by providing them with the necessary resources and tools to compete effectively on a global scale. This is achieved by ensuring access to the appropriate raw materials at competitive prices.
Ximkart has raised $2.0M across 1 funding round.
Ximkart has raised $2.0M in total across 1 funding round.
Ximkart is a Bengaluru-based B2B technology platform founded in 2022 that simplifies cross-border sourcing of raw materials for manufacturers, particularly MSMEs in India.[1][3][4] It connects verified global suppliers—primarily from China—with buyers by offering product discovery, quality assurance, logistics, payments, and order consolidation, eliminating middlemen to deliver competitive pricing and reliability in a $175 billion Indian import market.[1][2][4] Targeting manufacturers across scales, Ximkart addresses pain points like inconsistent quality, price fluctuations, customs clearances, and vendor multiplicity, earning revenue through marketplace commissions while supporting the "Make in India" initiative.[1][3][4] Early growth includes onboarding over 50 manufacturers in its first year, with key revenues from materials like alloy scrap, silicon metal, and titanium dioxide.[1][2]
Ximkart, legally Sevenloop Technology Private Limited, was incorporated on April 10, 2022, in Bangalore, India, by co-founders Sharan Urubail (CEO) and Ankush Mittal (COO).[3] The idea emerged from the founders' personal frustrations importing raw materials, where they encountered complexities in supplier discovery, quality verification, payments, and logistics—issues that diverted focus from core manufacturing goals.[1][4][5] This hands-on experience led to building a full-stack tech platform rather than a mere supplier directory, starting with a curated network of vetted Chinese suppliers based on production capacity, quality tests, and India market expertise.[2][4] Early traction came swiftly, with over 50 manufacturers onboarded in year one across categories, backed by seed funding from investors like Stride Ventures.[1][2]
Ximkart rides the wave of global supply chain digitization and India's manufacturing resurgence under "Make in India," tapping a $175 billion raw material import market amid post-pandemic disruptions.[1][5] Timing aligns with rising MSME exports, China-India trade dynamics, and tech adoption in B2B procurement, where fragmented sourcing hinders scalability.[2][4] Market forces like price volatility, quality risks, and logistics bottlenecks favor its consolidation model, positioning it as an enabler for manufacturers competing globally.[1][2] By empowering MSMEs with world-class access, Ximkart influences the ecosystem, fostering innovation in sectors like alloys and chemicals while attracting investment into India's startup-driven supply chain tech.[1][3]
Ximkart is primed for expansion as India's manufacturing ecosystem grows, potentially scaling to dominate cross-border raw material sourcing with deeper AI-driven matching, broader supplier networks, and Southeast Asian reach.[1][2] Trends like nearshoring, sustainability mandates, and real-time supply chain analytics will shape its path, amplifying its edge over traditional importers.[4][5] Its influence could evolve from MSME specialist to global leader, drawing more VC as it proves unit economics in a high-growth market—echoing its origin as a pain-point solver now revolutionizing B2B trade.[1][3]
Ximkart has raised $2.0M in total across 1 funding round.
Ximkart's investors include Matrix Partners, Andreessen Horowitz, Notable Capital, Nate Mitchell, Hans Tung, Nipun Mehra, Sujeet Kumar, Better Capital, Citius, Multiply Ventures.
Ximkart has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2022 | $2M Seed | Matrix Partners | Andreessen Horowitz, Notable Capital, Nate Mitchell, Hans Tung, Nipun Mehra, Sujeet Kumar, Better Capital, Citius, Multiply Ventures | Announced |