[Funding alert] E-Commerce startup Biz365 raises $200k from Innovana Thinklabs Limited

Ecommerce startup Biz365 has raised a funding of $200,000 led by existing investor, Innovana Thinklabs Limited.

The startup said that funds will be used for team expansion across key functions like product development, sales, marketing, and talent hiring to ensure long-term growth. The company is also eyeing to partner with educational institutions to train young entrepreneurs on ecommerce.

“Many existing businesses that have adopted Biz365 have completely transformed their way of business and now get regular online orders. Such stories keep us motivated to do better for their customers every single day. Close to 8,000 businesses have registered to use its platform since the middle of 2021. We aim to expand the customer base to 150,000 websites in FY2022,” Prateek Jain, Co-founder and CEO of Biz365, said.

Co-founded by Aditya Kedia, Navaldeep Singh and Prateek Jain, Biz365 started in 2020 in the middle of pandemic to empower SMEs, Startups, Entrepreneurs, and any individual business owners to take their business online by providing services to create their own eCommerce website.

“Businesses today know the importance of having an online presence, especially due to COVID-19. The behaviour of customers has also changed, as they have become more inclined towards shopping online. And, we are sure that the innovation and new technologies that Biz356 is bringing to the table will change the way the e-commerce industry works.” Chandan Garg, Chairman & MD, Innovana Thinklabs Limited, said.

Biz365 aims to provide premium services to home-businesses, startups, MSMEs, to start, manage, and grow their business online across mobile and web with just a few clicks.