As the new year of 2024 unfolds, let’s take a moment to reflect on Venwiz 2023. It was a year that exceeded predictions, pushed boundaries, and redefined the future of B2B procurement.
Join us as we rewind the year, celebrating milestones conquered, lessons learned, and the unwavering spirit that propelled us forward. From groundbreaking product launches to forging strategic partnerships, we’ll revisit the moments that shaped Venwiz’s evolution.
Every year, we do a “year in review” (click here for 2022). Join us as we rewind the year, celebrating milestones conquered, lessons learned, and the unwavering spirit that propelled us forward. From hosting our flagship conference to forging strategic partnerships, we’ll revisit the moments that shaped Venwiz’s evolution in 2023.
Financial Milestones
The momentum started early in 2023 with an impressive 8.3 million USD Series-A investment, spearheaded by Sorin Investments and supported by returning investors Accel and Nexus Venture Partners. This set the stage for epic growth and innovation.
In 2023, the Venwiz team worked well and witnessed phenomenal growth. We welcomed new enterprise clients on our platform, creating over 350 jobs and generating a jaw-dropping 150 crore GTV. (Gross Transactional Value)
Projects executed by Venwiz
Venwiz successfully executed several projects, establishing its presence as a reliable B2B procurement platform. Some of the key projects executed by Venwiz include
New Clients
We snagged 12 enterprise clients in 2023 and now have over 20 enterprise clients on our platform.
Vendor Vortex:
Our vendor database is growing exponentially. We now have over 20,000 vendors on our platform in over 50 categories. We introduced customized services for vendors on our platform for financial, sourcing, and service requirement support with Venwiz ProConnect, Venwiz ProSource, and Venwiz ProFinance.
Venwiz: Connecting with Vendors and Clients in 2023
Throughout 2023, Venwiz actively fostered connections with vendors and clients through a series of engaging events. These initiatives allowed us to dive deeper into the needs of both sides, understand their challenges, and showcase how Venwiz bridges the gap for a smoother, more transparent B2B marketplace experience.
Spotlight on MSMEs: A World MSME Day Fireside Chat
Recognizing the critical role of Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing industry, Venwiz celebrated World MSME Day with a captivating Fireside Chat. Our founder, Rajesh Reddy, took centre stage alongside two esteemed MSME vendors on the platform – Mr Srinivas B (MD, A S Automation & Engg) and Mr Srikanth (Marketing Manager, Ryali Technologies).
This insightful discussion tackled the core challenges faced by MSMEs in the realm of e-procurement, particularly the longstanding issue of lack of transparency.
Catch the full fireside chat here.
Venwiz participated in ANUTEC Mumbai Expo
Venwiz was thrilled to participate in the ANUTEC International FoodTec India Expo in Mumbai on September 7th and 8th. This prestigious event brought together key players in the food processing and packaging industry, providing the perfect platform for Venwiz to showcase its solutions and connect with potential clients and partners.
| Location: Bombay Exhibition center, Mumbai | Total projects leads: 60+ |
| Vendor participants: 100 | Vendors Onboarded: 19 |
Flagship Conference – Catalyst MSME conference at Chakan Pune
On September 16, we were proud to host our first flagship conference, Catalyst MSME in Chakan, Pune. The event had some of the top industry luminaries and 60 vendors. We explored the evolution of capex procurement and introduced Vedor+ offerings.
| Location: Marriot Chakan, Pune | Guest Speakers: Procurement Leaders |
| Vendor participants: 60 | Business meetings schedule : 10 |
Transformation of Project Procurement: Expert Insights for SMEs
To help small and medium-sized enterprises (SMEs) navigate these challenges, Venwiz hosted its inaugural webinar, Transforming Project Procurement, on November 24th. The event proved a resounding success, offering a treasure trove of valuable takeaways for attendees.
| Moderator: Mr. Rajesh Reddy | Mr Rahul Poddar, the Procurement Head, at NestleMr. Gopal Sarma, a Senior Partner, at Bain & Company |
| Participants: 51 |
You can view highlights of the webinar here
Client-side events
Throughout 2023, we actively engaged with clients through on-site visits, fostering fruitful collaborations on:
- Greenfield projects: From ground-up constructions to expansions, Venwiz supported clients in sourcing equipment and materials efficiently.
- Brownfield projects: For existing facilities, our platform facilitated upgrades and renovations with cost-effective solutions.
- CapEx projects: Whether large-scale investments or ongoing maintenance, Venwiz helped clients optimize their capital expenditures.
These on-site interactions allowed us to tailor our solutions to specific needs and build lasting partnerships.
Venwiz OffSite: Suits Off, Sandals On!
We believe in work-life balance, and what better way to achieve it than by hitting the beach for our Goa offsite? The Venwiz team traded spreadsheets for volleyballs, proving that hard work and good times go hand-in-hand.
Strength and Success: Team Venwiz
Our 50+ strong team is the heart and soul of Venwiz, and their dedication shows. We boast an eNPS score in the top quartile, meaning our employees are not only happy, but they’re also our biggest cheerleaders. Now, that’s something to celebrate!
As we wrap up 2023, a huge thank you goes out to our incredible clients, vendors, partners, and the entire Venwiz team. You are the foundation of our success, and we couldn’t be more grateful for your contributions.
2024 awaits, brimming with excitement and new possibilities. Get ready, because Venwiz is just getting started!
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