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B2B Marketplace UcliQ Gets INR 7 Million In Angel Round

Reacting to this capital infusion, Sameer Malik, Founder of UcliQ said that the company will be aiming at revolutionizing the B2B meat supply chain, bridging gaps, and fostering transparency through a standardized marketplace.

B2B Marketplace UcliQ Gets INR 7 Million In Angel Round
EvolveX Accelerator Backs UcliQ in its 2nd Cohort with approx. INR 7 Million in Angel Round
EvolveX Accelerator & UcliQ
POSTED ON August 04, 2023 2:37 PM

UcliQ a business-to-business (B2B) marketplace for chicken and seafood has got big investment support from the 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 start-up.

This angel investment round, led by EvolveX, also saw participation from Vamsi Udayagiri, Founder of HESA. With a total fund raise 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 150 Million.

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. His familiarity with the B2B industry and the hospitality sector, along with his experience in startups and social work, adds value to UcliQ’s mission.

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 7 Million in 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.”

EvolveX Accelerator continues to play a pivotal role in fostering innovation and supporting promising startups in their journey to success. The accelerator’s investment in UcliQ reinforces its commitment to nurturing disruptive ideas that have the potential to transform industries and address critical challenges.

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