Jodaro, a startup that facilitates global commerce by connecting manufacturers directly with buyers, has raised $750,000 in a seed funding round led by Fundamental VC, a notable player in the venture capital space. Maninder Gulati, a former investor at Lightspeed, also participated in the funding round.
What is the purpose of fundraising?
With this round of funding, The startup plans to invest in technological advancements, expand its team, and amplify its brand on a global scale.
"We are developing a tech stack for global e-commerce using machine learning and automation. Our system can aggregate real-time data from several sources giving us insights into market dynamics. This data platform helps us to make decisions with confidence while our automation stack allows us to design and execute strategies at scale," said Patki, co- founder, Jodaro.
What does Jodaro do?
Established in 2023 by Rajiv Patki and Sambuddha Adhikari, Jodaro aims to address the issue of information asymmetry in global market trends and the inefficiencies that small-scale manufacturers often face. The startup's unique approach involves using proprietary commerce intelligence, automation, and a tech-enabled global supply chain.
The startup aims to expand its operations to 10 global markets by 2026. Additionally, It plans to collaborate with over 500 manufacturers and offer a diverse range of 15,000 products.