India Accelerator’s iAngels invests in Hyderabad-based B2B Procurement startup – Badhaan.com
The company plans to utilize the acquired funds for business expansion, launching private label brands, and platform development.
In a short span, Badhaan is making significant contributions to the food industry by allowing restaurants to manage their inventory position seamlessly as well as procure in bulk and get access to flexible payment terms. It also provides a state-of-the-art smart inventory management platform that tracks and predicts restaurant inventory needs.
Talking about the company vision, Vishnu Vikyath G, Founder of Badhaan.com said, “What Badhaan does is improve a restaurant/cloud kitchen’s bottom line, inventory position and cash-flow. Our vision has always been to empower business financially and that’s what drives real value in B2B markets.”
“Raw Material procurement accounts for 35% of a restaurant’s cost structure and presents a host of challenges from SKU Management, Quality & Delivery Consistency and Cash Flow Management. There is immense potential for a data-driven platform to disrupt the market, and Badhaan is doing just that. We are excited to partner with them in their mission to organize the restaurant procurement” – Munish Bhatia, Co-Founder of India Accelerator.
Restaurant procurement is a $70 Bn market in India and is growing at 10% CAGR. Tracking and maintaining adequate inventory levels is a daunting task for restaurant owners and supply chain managers as a typical restaurant chain has over 800 SKUs. Inefficiencies in doing so lead to inventory stockouts, eroded bottom line and cash flow shortages.
Founded in Nov 2021 by Vishnu Vikyath G and Manoj Mareedu, Badhaan.com is a DPIIT-approved venture accelerated by India Accelerator. The platform offers raw material procurement and a smart inventory management platform for restaurants. The technology and data-driven inventory platform help restaurants track, predict and fulfill their procurement requirements.
Within a year of its inception, Badhaan has already partnered with some of the best-known kitchen chains and restaurant chains in Hyderabad. The FoodTech platform has helped its clients reduce stockouts and wastages by 15%, along with a 10% – 15% improvement in procurement costs.
Badhaan has delivered 1000+ orders to more than 100 trusted customers. Currently, it serves two cities – Hyderabad & Chennai and plans to expand its presence in 2 more cities by the end of FY23.
About India Accelerator
India Accelerator is the first GAN partnered accelerator in India, endeavoring to provide 360-degrees cross-functional mentorship, business growth and funding to entrepreneurs. Government of India has recognised India Accelerator (IA) as the ‘Best Accelerator of the Country!’. IA has created a vibrant entrepreneurial ecosystem in the country, have got 150+ startups under our portfolio, and have 1400+ mentors in our network who help startups in our industry-focused specialized verticals (HealthTech, AgriTech, Social, Energy, FinTech, Web 3.0, B2B SaaS, etc.). They work closely with Corporates and academia to help promote the development of an entrepreneurial mindset and generate innovative solutions to their real-world problems.
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