Blume and AWI lead $3 Mn seed round in Sourcewiz

Sourcewiz, a platform for exporters, has raised $3 million in its seed round co-led by Blume Ventures and Alpha Wave Incubation (AWI). Ravi Bhargava, Rakshita Agrawal, and other marquee angels such as Dhruvil Sanghvi, and Ashish Tulsian have also joined the round.

According to the Gurugram-based startup, the funds will be used in technical capabilities such as payments, financing, and logistics.

Founded by Divyaanshu Makkar, Vikas Garg and Mayur Bhangale, Sourcewiz has built a platform to digitalise operations of exporters and grow their revenue at a time when the pandemic crippled their business.

The startup is currently focused on India but has plans to expand offerings to other Asian countries such as Bangladesh, Indonesia, and Vietnam.