Chennai-based corporate consumables e-retailer Kobster raises an undisclosed amount of seed funding led by Hyderabad-based Splice Advisors. Splice Advisors is a seed venture capital company that has made more than 26 investments in various companies.
As per NextBigWhat, the raised funding will be used to expand to different cities, build technological strength and acquire more customers. Founded in 2012 by Mohan G, Karthik R and Vineet Neeraj, Kobster provides all kinds of business consumables via its online platform to corporate across India.
Currently, the portal offers basic office supplies, furniture, housekeeping products, pantry supplies and many more. In future, the firm is expected to provide products like industrial supplies, medical supplies etc.
Kobster also provides an e-procurement platform to corporate, providing features like an ordering platform, inventory management, spend management, cost optimization suggestions, analytics, centralized invoicing etc and aims to become pan India Company in next 1.5 years by expanding to at-least 5-6 different cities.