Shashank Singh Co-founder Poshn
Poshn aims to achieve US $ 1 billion in next few years
C O V E R S T O R Y
Shashank Singh Co-founder Poshn
Poshn aims to achieve US $ 1 billion in next few years
Founded in 2020 , Delhi based Poshn is a wholesale processed commodity distribution and financing platform that is aiming to make wholesale trade efficient and seamless . Using a proprietary AI model , Poshn is able to reduce the time to trade by breaking the demands requests into smaller segments and mapping them with several suppliers to find the best match . Poshn , has raised a total of $ 6 million funds from investors like Prime Venture Partners , Zephyr Peacock India , Alteria Capital , UCIC and Northern Arc .
With 70 employees , more than 600 users in the wholesale space witnessed a total revenue of Rs 510 crore last financial year . The current run rate is pegged at around Rs 60 crore a month . Going ahead Poshn plans to expand in the domestic and international markets in the commodities .
In the next 4-5 years Poshn aims to be a $ 1 billion Annual Run Rate platform catering to a global clientele . Poshn ' s top line technology layer involves clusters of intelligence engines that powers the price discovery , reverse auctioning , matching of right fulfilment partner and multi-channel conversations across its products .
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BioVoiceNews | January / February 2024