Sept 2019, Hyderabad: SucSEED venture partners invests into Singapore listed, EUNIMART CROSSBORDER PRIVATE LIMITED, to expand its horizon into eCommerce segment. Eunimart’s Vdezi product enables SMEs to sell globally with ease. Eunimart provides Merchants access to cross-border markets and channels of sales; support in the form of shipping, warehousing, payments etc; operational efficiency through tools such as PoS, WMS, Pricing Mgmt., Cataloguing, Orders & Inventory Mgmt, Global Shipping Management, Returns Management, e-fulfilment and data-driven intelligence & decision-making around products, markets, competition and sales using AI.
Shayak Mazumder, co-founder of Eunimart said, “The world has shifted from a straight line value chain to a circular mesh value chain where everyone is connected to everyone and our value is not limited to what we create alone. Today, the more value we add to our ecosystem, the more valuable we become. By adding value to every stakeholder, we seek to empower the ecosystem globally and become synonymous with supply aggregation and SME enablement across the globe”.
Commenting on the fund raise, Archana Shah, co-founder of Eunimart said, “SucSEED has helped Eunimart not only with the capital that is needed to continue our work in researching and developing one of the most cutting edge products in this space in the world, but the large pool of Domain Leaders & Technology Experts in SucSEED will help us resolve various Business Problem statements with appropriate technology. We believe cutting edge technology products can be created from India with the right support and SucSEED Venture Partners, formed by Senior CXOs and Technology experts can help us just do that.”.
Speaking on why have they invested in Eunimart, Ram Gollapudi, an Active Investor, with SucSEED, said “The business model & ecosystem has global potential and high scalability. Eunimart’s AI enabled platform is developed on the strong foundation of deep domain expertise acquired through servicing 300 customers manually across 40 countries. As the platform is scalable, when it gets extended to merchants in other countries, the Eunimart business is bound to see an exponential growth in this $550Bn market opportunity. The passion of Eunimart co-founders and the team offers unique service proposition to the merchants, which has attracted us as investors”.
Speaking on this investment further, Vikrant Varshney, Cofounder & Partner, SucSEED, said “Eunimart provides one stop eCommerce solution to sell Anywhere, Anytime. This offers a huge potential for SME’s in India like handicrafts, handlooms, Jewellery merchants, SME companies aspiring for exports, to reach global markets, grow their revenues and margins with ease. Crossborder ecommerce is $550Bn market growing at 17% CAGR. It is supposed to reach $1Tn by 2021. We are also excited about entering into this new domain that will give us an opportunity to explore synergies with other Startup companies that we have already invested into”.