June 23: BharatTender, a B2B procurement technology platform modernizing how private enterprises source goods and services, has raised ₹1.25 crore in pre-seed funding from Ashish Kohli, Founder & CEO of Monedo. The funding round was completed earlier this month and will be used to accelerate product development, customer acquisition, and the rollout of AI-powered procurement capabilities.
While government procurement in India has been transformed through digitization initiatives such as GeM, private-sector procurement continues to operate largely through fragmented and informal channels. Businesses frequently rely on phone calls, WhatsApp conversations, spreadsheets, and personal vendor networks to source products and services, resulting in limited price discovery, weak audit trails, and payment-related risks.
BharatTender is building a structured procurement marketplace designed to bring transparency, efficiency, and trust to this process.
The platform enables businesses to manage the entire procurement lifecycle digitally from floating tenders and onboarding verified vendors to receiving sealed competitive bids, executing digitally signed contracts, and releasing escrow-backed payments. By bringing these workflows onto a single platform, BharatTender aims to help businesses make better purchasing decisions while reducing operational inefficiencies and procurement risks.
The platform is already live and serves startups, manufacturers, and enterprises seeking a modern, auditable procurement workflow.
BharatTender was founded by Rankit Singh, Sanyam Jain, and Anshul Kochar, three operators with experience across startups, procurement, finance, and supply chains. Together, the founding team brings expertise spanning business operations, procurement ecosystems, financial infrastructure, and enterprise technology.
The fresh capital will be deployed towards product development, onboarding anchor customers, expanding the supplier network, and building AI-powered tender evaluation capabilities. The company is also in discussions with several large enterprises for pilot deployments and strategic partnerships.
“Indian businesses lose money every day to opaque procurement not because they want to, but because there has never been infrastructure for anything better,” said Rankit Singh, Co-founder & CEO of BharatTender. “We’re building that infrastructure. Our goal is to make procurement as transparent, efficient, and trusted as digital payments have become over the last decade, enabling businesses to discover the right suppliers, secure the best prices, and transact with confidence.”
Since launch, BharatTender has onboarded over 50+ businesses and 200+x verified suppliers. Companies using the platform have reported procurement cycle times reduced by 3x and sourcing savings of up to 10-15%x, highlighting the growing demand for structured procurement infrastructure in India’s private sector.
As India’s B2B economy continues to formalize and digitize, BharatTender aims to become the operating system for private-sector procurement, bringing structured tendering, verified supplier discovery, secure payments, and intelligent decision-making to businesses across the country.