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HomeInsightFunding Alert EvolveX Accelerator Backed UcliQ Secures INR 7 Mn in Angel Round

[Funding alert] EvolveX Accelerator Backed UcliQ Secures INR 7 Mn in Angel Round

[Funding alert] EvolveX Accelerator Backed UcliQ Secures INR 7 Mn in Angel Round

EvolveX Accelerator, a startup accelerator spearheaded by a global community of successful founders & strategic angels, We Founder Circle (WFC), has announced its recent investment in the innovative startup, UcliQ – India’s 1st B2B Marketplace for Chicken & Seafood.UcliQ emerged as a notable startup from EvolveX’s Cohort 2.

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This angel investment round, led by EvolveX, also saw participation from Vamsi Udayagiri, Founder of HESA. With a total fundraise of approximately INR 7 Million, UcliQ is geared to expand its reach and impact. Having initially targeted around 1200-1400 HoReCa businesses in Delhi/NCR, UcliQ now sets its sights on reaching 20,000-25,000 businesses across Delhi/NCR, Bangalore, and Hyderabad in the next 12 months, aiming to achieve an estimated revenue of INR 150Million.

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UcliQ aims to revolutionize India’s meat supply chains by providing an easy, transparent, and secure digital platform that connects buyers and sellers, including HoReCa, manufacturers, wholesalers, brands, and other businesses. The platform offers seamless logistics and leaves digital footprints, paving the way for reliable, standardized, and high-speed supply chains while addressing inefficiencies and reducing food wastage in the poultry, mutton, fish, seafood, live chicken birds, and ready-to-eat categories.

Commenting on the investment, Bhawna Bhatnagar, Co-Founder of EvolveX,stated, “Having closely evaluated UcliQ’s potential, we are confident by their unique approach to reshaping the B2B meat supply chain in India. The dedication and vision of the UcliQ team have been evident throughout our interactions, and I have no doubt that UcliQ will thrive and leave a lasting impression on the meat industry, benefiting both buyers and sellers alike. I look forward to seeing UcliQ’s continued growth and success in the market.”

UcliQ’s Founder, Sameer Malik, brings a wealth of experience to the table, having completed his B.Com (Hons) from Delhi University followed by an MBA in Finance and Marketing. His familiarity with the B2B industry and the hospitality sector, along with his experience in startups and social work, adds value to UcliQ’smission.

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Speaking about the investment secured and future plans, Sameer Malik, Founder of UcliQ, shared, “I am profoundly grateful for the unwavering support and confidence shown by We Founder Circle and EvolveX Accelerator and our valued investors. Securing around INR 7Millionin funding is a testament to the dedication and hard work of our exceptional team. With this capital infusion, we are poised to accelerate our growth and elevate our innovative ideas to the next level. We are committed to revolutionizing the B2B meat supply chain, bridging gaps, and fostering transparency through a standardized marketplace. Our vision is to create a seamless and sustainable platform that positively impacts the meat industry while empowering businesses. We are excited about the future of UcliQ and remain steadfast in our mission to transform the landscape of B2B meat trading.”

About EvolveX Accelerator

The EvolveX Accelerator, founded by We Founder Circle, is a prestigious program that has been providing high-impact acceleration to early-revenue startups from various sectors since its inception in 2021. With a mission to take startups to the next level, EvolveX offers its extensive network of seasoned mentors and successful entrepreneurs to guide startups on their journey to success. The program offers a range of benefits, including one-on-one mentorship sessions with handpicked angel investors and industry experts, upfront funding of $20K, and $200K worth of credits. EvolveX is committed to providing a continuous opportunity for startups, and applications are accepted on a rolling basis.

About We Founder Circle

Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the start-up industry and steer it towards aggressive growth. WFC invests USD 50K- USD 2Mn amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 12 mn worth of investments across 33 start-up deals in the year 2021 alone and invested in 70+ startups since incorporation.

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About UcliQ

UcliQ is making the meat & protein business easier in India with B2B Commerce Platform which empowers the Small Businesses (SMBs) sectors. Their key focus is on technology and supply chain innovation that aims to empower small businesses. They connect Producers/Manufacturers, Traders with Retailers & Businesses. They want to bring innovation, technology, and the power of the internet on the same platform which makes the ecosystem of the supply chain more customer-friendly than ever.

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