Jodaro’s Seed investment round has brought in US$750K. Fundamental VC lead the round, with Maninder Gulati taking part.
Founded in 2023 by Rajiv Patki and Sambuddha Adhikari, two IIT Kharagpur grads, Jodaro facilitates international trade by putting producers and consumers in direct contact.
Through collaborations with producers that can create items of superior quality with a broad range of specifications, it hopes to establish itself as a house of international brands.
With plans to expand Jodaro’s manufacturing partners worldwide, Rajiv and Sambuddha, the company’s leaders, have almost two decades of combined experience working with companies like Flipkart, OYO, and Meesho.
The infusion of funds is intended for team growth, global brand amplification, and technology advancements. Its goal is to build a strong system of trust and discovery so that buyers from around the world can buy directly from producers in developing economies. Jodaro plans to work with more than 500 manufacturers, expand operations to ten international countries, and curate 15,000 unique goods by 2026.
Saswat Sundar Behera, co-founder and managing partner of Fundamental VC, who is Jodaro’s primary investor, stated: “Jodaro thrives on the cross-border commerce growth story eyeing a validated large market opportunity globally.” For offline-only manufacturers, its asset-light strategy, plug-and-play solution, and patented technology will be revolutionary. Jodaro’s proposition is strengthened by the experience, complementary abilities, and belief that Rajiv and Sambuddha possess.
