UcliQ, a B2B marketplace specializing in chicken and seafood, has successfully raised INR 0.7 crore ($85K) in an angel funding round. The funding was led by EvolveX Accelerator as part of its second cohort. Notably, Vamsi Udayagiri, the Founder of HESA, also participated in the funding round.
According to a press release, UcliQ plans to utilize the funds to extend its reach and enhance its overall impact in the market.
Founded in 2019 by Sameer Malik, UcliQ is a revolutionary platform that transforms meat supply chains. It provides a transparent and secure digital marketplace connecting buyers and sellers, including HoReCa (hotels, restaurants, and cafes), manufacturers, wholesalers, brands, and other businesses. By offering logistics and leaving digital footprints, UcliQ ensures reliable, standardized, and high-speed supply chains, while simultaneously tackling inefficiencies and reducing food wastage in the poultry, mutton, fish, seafood, live chicken birds, and ready-to-eat categories.
UcliQ’s initial target was to cater to approximately 1,200-1,400 HoReCa businesses in Delhi/NCR. However, the company has now raised its ambitions and aims to expand its reach to 20,000-25,000 businesses in Delhi/NCR, Bengaluru, and Hyderabad within the next 12 months. In this pursuit, UcliQ envisions achieving an estimated revenue of INR 15 crore during this period.
EvolveX Accelerator, Founded by We Founder Circle in 2021, stands as a prominent force in providing high-impact acceleration to early-revenue startups from various sectors. This dynamic program offers a wide array of benefits, including one-on-one mentorship sessions with handpicked angel investors and industry experts, upfront funding of $20K, and an impressive $200K worth of credits. With these resources at their disposal, startups have the opportunity to flourish and reach new heights of success.
