A B2B (Business to Business) marketplace startup Pneucons has raised pre-series investment round driven entirely by social media engagement. The round also saw participation from Tarun Mehta, co-founder & CEO of Ather Energy.

The Funding will be used to expand the team, focusing on more cross-border transactions across major engineering categories like fire safety, pneumatics and hydraulics, industrial automation, plastic & packaging, electric cables and products and power tools.

Company was founded in 2022  by Pritesh Lakhani, It is a B2B industrial marketplace startup building an ONDC-like infrastructure. Serving SMEs and MSMEs in India’s industrial sector, Pneucons addresses challenges such as credit defaults, opaque pricing, and the availability of genuine quality products.

It have presence in over 42 countries with 7,000 buyers and 70 sellers, all acquired through word of mouth. It has executed cross-border transactions in 12 countries.

It counts established enterprises and government entities such as Indian Railways, Indian Oil, L&T Suffin, Telangana Power Plant, and ISRO as its clients. As per the company, sellers from tier II and III cities are directly exporting & importing industrial equipment via Pneucons.

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