Total amount raised
$6.7 Million
Latest funding date
8/1/2023
Location
Bzaar has successfully raised $6.7 million over two funding rounds, with notable contributions from investors such as Canaan Partners and Binny Bansal. The platform was an online B2B cross-border marketplace offering home improvement, fashion, cookware and bakeware products for small businesses, and it has since shut down.
What Is Bzaar?
Bzaar, founded on December 1, 2020, is an innovative online B2B cross-border marketplace headquartered in San Francisco, California. The company operates in various industries, including B2B, brand marketing, e-commerce, marketplace, and wholesale.
Co-founded by Nishant Verman and Prasanth Nair, Bzaar employs between 11 and 50 people. The platform offers a wide range of products such as home improvements, fashion, cookware, and bakeware for small businesses, along with comprehensive services like project management, packaging, and advanced tracking.
How Much Funding Has Bzaar Raised?
- Amount Raised: $4,000,000
- Date: September 2021
- Lead Investors: Canaan Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance product offerings.
- Amount Raised: $2,700,000
- Date: August 2023
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technological infrastructure.
Total Amount Raised: $6,700,000. Current Valuation: Not publicly disclosed.
Key Investors
- Binny Bansal
- Details: Co-founder of Flipkart, a major e-commerce platform in India. Known for his significant contributions to the e-commerce industry.
- Investment Focus Areas: E-commerce, technology startups
- Notable Investments: Flipkart, various technology startups
- Canaan Partners
- Details: A venture capital firm that invests in early-stage technology and healthcare companies. Focuses on disruptive innovations and has a global presence.
- Investment Focus Areas: Early-stage technology, healthcare, disruptive innovations
- Notable Investments: LendingClub, Ebates, Skybox Imaging
- Rahul Chari
- Details: Co-founder and CTO of PhonePe, a digital payments platform in India. Experienced in technology and financial services.
- Investment Focus Areas: Technology, financial services
- Notable Investments: PhonePe
- Lee Fixel
- Details: Former partner at Tiger Global Management, a leading investment firm. Known for his investments in technology and internet companies.
- Investment Focus Areas: Technology, internet companies
- Notable Investments: Facebook, LinkedIn, Peloton
What's Next for Bzaar?
Bzaar has shut down. Co-founder and chief executive Nishant Verman closed the company and rejoined Flipkart as a senior vice president, reported in March 2026.
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