The startup Bigmart from Uzbekistan has attracted $500,000 in investments.

Bigmart raised $500,000 in a Pre-Seed investment round. The round was participated in by venture funds United Ventures, IT Park Ventures, Imkon Ventures, and Aloqa Ventures.

Bigmart is developing a B2B marketplace that simplifies procurement for companies. Through the platform, businesses can order products from various suppliers in one place. This allows them to operate under a single contract, make a single payment, and use a unified set of documents instead of multiple separate transactions.

Currently, the platform offers more than 40,000 products. It is also integrated with the internet banking systems of Anor Bank, Xalq Banki, and Davr Bank. Among Bigmart's clients are Murad Buildings, Akfa, Wildberries, Ground Zero, and Kapitalbank.

The startup will use the raised funds to expand its sales team, develop partnerships with banks, and implement new features based on artificial intelligence.

Bigmart addresses a practical business challenge by simplifying the procurement process. United Ventures believes the company has the potential to grow in Uzbekistan and expand into other regional markets.

Source: Bekhruz Khamidov