Pneucons Secures Pre-Series Funding Led by Social Media Buzz

Pneucons, a pioneering B2B industrial marketplace, has successfully concluded its pre-series funding round, marked by an unusual funding source: social media engagement. The round also witnessed participation from Tarun Mehta, the visionary leader of Ather Energy.

Expanding Horizons with Fresh Capital

The newly acquired capital will be strategically deployed to augment the Pneucons team and facilitate a surge in cross-border transactions across critical industrial sectors, including fire safety, hydraulics and pneumatics, industrial automation, plastic and packaging, electrical components, and power tools.

A Digital Marketplace Revolution

Established in 2022 by Pritesh Lakhani, Pneucons is redefining the B2B industrial landscape by constructing an ONDC-inspired infrastructure. The platform empowers small and medium-sized enterprises by addressing persistent challenges such as credit risks, price transparency, and product authenticity.

Global Expansion Through Organic Growth

Remarkably, Pneucons has cultivated a presence in over 42 nations, boasting a customer base of 7,000 buyers and 70 sellers, all organically acquired through word-of-mouth. The platform has facilitated cross-border trade in 12 countries, demonstrating its global appeal.

A Clientele of Renown

Pneucons has earned the trust of industry giants and government institutions, including Indian Railways, Indian Oil, L&T Suffin, Telangana Power Plant, and the Indian Space Research Organization. The platform is also empowering businesses from smaller cities to participate in international trade.