Indian seafood B2B marketplace UcliQ nabs angel investment

New Delhi, India-based Ucliq has scored an angel investment from We Founder Circle.

The B2B marketplace start-up, specializing in seafood and chicken, won the INR 7 million (USD 84,000, EUR 78,000) investment after participating in the EvolveX Accelerator.

“UcliQ aims to revolutionize India’s meat supply chains by providing an easy, transparent, and secure digital platform that connects buyers and sellers, including HoReCa, manufacturers, wholesalers, brands, and other businesses,” the company said in a release. “The platform offers seamless logistics and leaves digital footprints, paving the way for reliable, standardized, and high-speed supply chains while addressing inefficiencies and reducing food wastage in the poultry, mutton, fish, seafood, live chicken birds, and ready-to-eat categories.”

Currently, more than 1,200 hotel, retail, and catering (HoReCa) businesses in New Delhi use UCliq’s service, and the company has set the goal of signing up more than 20,000 in Delhi, Bangalore, and Hyderabad in the next year, which would set it on course to achieve revenue of INR 150 million (USD 1.8 million, EUR 1.7 million).

“With this capital infusion, we are poised to accelerate our growth and elevate our innovative ideas to the next level,” Ucliq Founder Sameer Malik said in a statement. “We are committed to revolutionizing the B2B meat supply chain, bridging gaps, and fostering transparency through a standardized marketplace. Our vision is to create a seamless and sustainable platform that positively impacts the meat industry while empowering businesses.”

EvolveX Co-Founder Bhawna Bhatnagar said Malik’s experience in the B2B and hospitality sectors, along with his MBA from Delhi University in finance and marketing and his social work in New Delhi, “adds value to Ucliq’s mission.”

“Having closely evaluated UcliQ’s potential, we are confident by their unique approach to reshaping the B2B meat supply chain in India,” Bhatnagar said. “The dedication and vision of the UcliQ team have been evident throughout our interactions, and I have no doubt that UcliQ will thrive and leave a lasting impression on the meat industry, benefiting both buyers and sellers alike. I look forward to seeing UcliQ’s continued growth and success in the market.”

Photo courtesy of Ucliq