The investment reflects the company’s current market value and creates opportunities for Carbanio.com to increase its global customer base. This investment will drive business development and marketing, chemical manufacturers’ onboarding, deploying innovative technologies, and streamlining operational processes thereby taking the company to the next level.
The global chemical industry is a US $5.7 trillion market and accounts for more than 25% of global GDP according to Deloitte. The Indian chemical industry is currently worth US $225 billion and is expected to touch US $300 billion by 2025.
The Indian chemical market is presently unorganized and not digitized, Carbanio.com through this investment will organize and digitize the industry, thereby transforming the Indian chemical industry to achieve newer heights.
Carbanio.com chemicals marketplace has more than 9 million products sold by 40,000 businesses across India and this number has been growing exponentially. The company has been digitizing 178 chemical clusters across India and are utilizing DeepTech technologies like Artificial Intelligence (AI) and Machine Learning (ML) for marketing and business expansion. The company is also one of the fastest growing companies, scaling to 40x in the last 12 months.
It is also the only startup of its kind that has built a direct link between chemical manufacturers, suppliers, buyers, and retailers on a single platform. The company is engaged with a full stack of value propositions - discovery, comparison, online ordering, financial transparency, digital payment, end-to-end logistics, and delivering superior customer service with guaranteed quality.
Carbanio adds direct value to chemical businesses by offering up to 65% lower price than market price and also decreases the buying cycle thereby increasing business volumes and profits. It facilitates businesses across boundaries, with convenience, competitive prices and 100% assurance on quality.
Carbanio.com is headed by Dr. Rafi S., India's well-known scientist turned entrepreneur to create google and amazon of the chemical industry; Vijay Devarakonda, having vast experience in technology and product development by utilizing proprietary technology AI, ML, and creation of data driven business and opportunity; and Dr. Srinivas Yeldi, heading the corporate finance of this exciting business revenue model.
Commenting on the investment, Fazal Dasankop, Investor/Portfolio Manager, Quantico Group said, “Carbanio.com is one of the very few companies that has the perfect ingredient for investors. The company checked off all the boxes for a startup investment solving a major problem of sourcing chemicals using technology and scalability on a national and global basis.”
Brett Witkowski, CFP Portfolio/Asset Manager, Quantico Group commented, "Quantico group is very excited at the opportunity for an early-stage equity investment into emerging technology business with a firm belief that the 4th Industrial revolution is going to unlock the untapped potential in the chemical business."
Manzoor Airani, CEO, Neugenlabs and Angel Investor is excited about Carbanio's capability of solving distribution problem through its network of global manufacturers.
“We are glad that our vision has been recognized and we are thrilled to be supported by the Quantico group. The Carbanio team looks forward to achieving greater success going forward,” said Dr. Rafi Shaik, Founder, Cabanio.com.
