A B2B industrial marketplace startup, Pneucons has successfully closed its unrevealed Pre-series investment round directed completely by social media engagement. The funding round registered a participation from Tarun Mehta, CO-Founder & CEO of Ather Energy.

The raised funding will be utilized to develop the team concentrating more on overseas transactions across key categories in engineering such as pneumatics, fire safety and hydraulics, plastic & packaging, electric cables, industrial automation and related products and power tools.

Established in the year 2022 by Pritesh Lakhani, Pneucons is a B2B industrial marketplace startup contracting ONDC-like infrastructure. Catering to SMEs and MSMEs in industrial sector of India, Pneucons underscores the challenges including defaults in credits, opaque costs and the accessibility of original and quality products.

Based in Ahmedabad, the B2B industrial marketplace startup claims to have a footprint in more than 42 nations with 7000 buyers and 70 sellers, all these sources acquired through word of mouth. The company has implemented overseas transactions and operation in nearly12 countries.

It includes well established government entities and enterprises such as Indian Oil, Indian Railways, L&T Suffin, ISRO and Telangana Power Plant as its clients. According to the company, the sellers from tier II and tier III cities are exporting and importing industrial equipment through Pneucons.

Pneucons is the keystone of industrial commerce in India, catering as the ultimate B2B marketplace for the engineering sector. Their mission is to redefine the way of business in SMEs and MSMEs industries involves in transactions, presenting a seamless platform to sell and purchase industrial goods and services. Within a strong digital presence, Pneucons simplifies the process of direct sales ensuring transparency in dealings and faster settlements.