Bengaluru-based contract manufacturing startup Bidso was reportedly in discussions to raise between ₹40 crore and ₹50 crore (approximately $4.3 million to $5.4 million) in a new funding round, according to sources. The round was expected to be led by Blume Ventures, with participation from existing investors such as PeerCapital, Atrium Ventures, and DeVC.
At the time of the discussions, the startup was likely to be valued at around ₹250 crore post-money, reflecting growing investor confidence in contract manufacturing platforms amid India’s push to strengthen domestic production capabilities.
Founded in 2022 by Rahul Agarwal, Vivek Singhal, and Aditya Krishnakumar, Bidso operates as a full-stack contract manufacturing platform for general merchandise. The company integrates industrial design, engineering, and manufacturing to help brands efficiently develop and source products. Its offerings include items such as kick scooters, tricycles, ride-ons, and baby products, catering primarily to B2B clients.
The planned fundraise was aimed at expanding the company’s manufacturing capabilities, strengthening product design, and scaling its production capacity. Bidso also intended to use the capital to grow its team across engineering, design, and sales, while exploring opportunities for international expansion and diversification into adjacent product categories.
This development comes at a time when investors are increasingly backing contract manufacturing startups, driven by the government’s “Make in India” initiative and rising demand for localized, efficient supply chains. Bidso’s growth trajectory and funding plans highlight the broader momentum in India’s manufacturing ecosystem, where technology-led platforms are playing a key role in modernizing production and sourcing processes.
- Advertisement -
