Sourcewiz: About, Name And Logo, Founders, Competitors, Features, Investors, Faqs

Sourcewiz is a website that provides tools for building distinctive item catalogs for internet retailers.

The website enables users to create unique catalogs and then distribute them to consumers by choosing suitable goods based on their color, building, layout, or composition, utilising smart filters. 

It also enables tracking of user usernames and passwords, browsing histories, locations, and other information for buyers.

Sourcewiz is an exporter-focused system that helps exporters digitize their operations and establish and oversee their own companies.

Sourcewiz is a software-as-a-service (SaaS) platform that helps to export and digitize its business processes and is going to utilize the money from Blume Ventures and Alpha Wave Incubation to develop its technical, sales, management of products, and client success groups.

About Sourcewiz:- 

Sourcewiz is a digitized online service that streamlines initial sales procedures so businesses are able to concentrate on more important things.

 Sourcewiz helps 500+ companies throughout a variety of industries create catalogs quickly, organize their unorganized merchandise information, and grow their companies. 

The goal of Sourcewiz’s mission was to improve business-to-business production companies as well as reevaluate the prospects of exporting.

The system enables organizations to accelerate their development by streamlining their operations and automating boring and repetitive chores.

Sourcewiz works to make company operations as seamless as possible by utilizing technological advances, turning enterprises into source fulfillment for its owners instead of a hassle to maintain.

Sourcewiz Highlights:-

Sourcewiz Name And Logo-

Sourcewiz Founders–

Sourcewiz has three co-founders. They are Divyaanshu Makkar, Mayur Chandrakant bhangale and vikas garg.

Divyaanshu Makkar- 

Divyaanshu makkar is the Co-founder of Sourcewiz.

He completed his bachelor’s from IIT, Delhi, in 2015, where he studied Bachelors’s technology.

After his bachelor’s, he went to the University of California to complete his MBA but dropped out to build his company, Sourcewiz.

Divyaanshu has worked as a research scholar, summer associate, consultant, and technology venture investor before co-founding Sourcewiz.

Vikas Garg- 

Vikas Garg is the co-founder of Sourcewiz.

He completed his education at IIT, Delhi, in 2015, where he studied Bachelor of Technology.

Vikas worked as an outreach manager, event coordinator, consultant, senior business analyst and product manager for many companies.

Other than sourcewiz, Vikas has also co-founded another company called banana media in 2014.

Mayur Bhangale- 

Mayur Bhangale is the third founder and CTO of Sourcewiz.

Mayur completed his education at Savitribai Phule Pune University, where he studied bachelors in engineering and computer science.

Mayur worked for many designations as a software engineer, data scientist, visiting faculty (symbiosis university), software development engineer and product manager.

Sourcewiz Investors-

The company has a total of 29 investors, from which it has raised 5.5 million dollars over two rounds of funding.

Some prominent investors of Sourcewiz are – 

Matrix Partners India– 

Matrix Partners India is a capital-raising business that focuses on the Indian industrial and customer markets at the beginning, early, and early development phases. 

The company supports innovators throughout industries and is actively dedicated to assisting in the creation of businesses that change the world. Among the businesses, Matrix has made investments in and possesses strong relationships with are Ola, Quikr, Practo, Dailyhunt, Mswipe, FiveStar, and Treebo. 

Matrix Partners India, which operates with headquarters in Mumbai, Bengaluru, and Delhi, was founded in 2006 and presently oversees more than one billion dollars. 

Matrix Partners manages a five billion worldwide consortium of investments that focuses on the United States, China, and India.

Blume–

Blume is a preliminary enterprise firm that provides money in addition to ongoing coaching to businesses. 

The company generally prefers tech-driven firms with a global effect and entrepreneurs that are driven by an obsession with challenging issues. 

The company’s mission is to become the top destination for finding, funding, nurturing, and adding quality to India’s most promising emerging entrepreneurs.

Alpha Wave Global– 

Alpha Wave is an international finance firm with collaborations in a wide range of different asset classes, concepts, and locations, including venturing/growing to publicly traded companies to Credit.

Alpha Wave Global, formerly Falcon Edge Capital, was established in 2012 and currently has offices in New York, Miami, London, Monaco, Madrid, Abu Dhabi, Tel Aviv, Bangalore, Jakarta, and Sydney.

Sourcewiz Features–

• Helps the automation of manual and managerial tasks and can increase employee productivity by 40%.
• By making rapid photo proposals at trade shows, Sourcewiz may help speed up the closing process and boost client interaction by 25%.
• With a self-service option of sourcewiz, showrooms could boost client throughput by 15-20%.
• Increase the average purchase worth, bring back dormant clients, and protect spending lots of time sifting through confusing spreadsheet information.
• Giving sales representatives the appropriate data at the right time and enabling employees to accept purchases from any gadget or location will be 10X the revenue generated by a business.
• Sourcewiz has intelligent search algorithms, beautiful blueprints, and simply dragging and dropping instruments that can help a company’s employees generate customized catalogs for clients in under five minutes.
• Use safe E-catalogs to distribute catalogs as documents in PDF format, Presentations, or Flip-books, or to gain an in-depth comprehension of the goods that pique the consumer’s attention.

• With Sourcewiz, companies only need to Share pertinent designs & items with customers to increase conversions.

Sourcewiz Competitors- 

Shiprocket –

Shiprocker is a company that offers logistical assistance to online retailers. Its structure makes shipping provider recommendations for businesses, selects a delivery service, generates labels for shipment, and checks shipments from just one panel using a machine-learning-based information platform.

It makes it possible for companies to control delivery and refunds. Order management, a shipping expense estimator, order monitoring, and other tools are among its features. It is compatible with online retailers like OpenCart and Amazon. The business provides subscription-based policy solutions.

Shipbob – 

Shipbob is a company that offers complete online shopping fulfillment services to firms that sell directly to consumers. 

The business provides an inventory management system using its own technology throughout the fulfillment system; requests are electronically transmitted to the storage facilities, where the merchandise is chosen and boxed before being dispatched to the clients.

 The company provides technology for order integration, managing inventory, communication with clients, forecasting information, and findings, as well as solutions like unique packaging, shipping packages, and refund administration.

Centric Software –

A system that provides solutions for managing products throughout their lifecycle. 

By managing business operations, including product creation, procurement, company strategy, management of quality, and collections management, Centric software enables companies, shops, and producers to collaborate better and generate more income. 

It offers software for product life cycle management to businesses in the style, clothing, high-end goods, and general merchandise sectors.

Faqs Related To Sourcewiz–

When was sourcewiz founded?

The company sourcewiz was founded in 2020.

Where was sourcewiz founded?

The company Sourcewiz was founded in Gurgaon, India.

How much funding has sourcewiz raised?

The company Sourcewiz has raised a total funding of 5.5 million dollars.

When was the latest funding round of sourcewiz?

The latest funding round of Sourcewiz was on June 27, 2022.

What is the total valuation of sourcewiz?

The total valuation of the company sourcewiz is 23.3 million dollars.

In what space does sourcewiz serve?

The company sourcewiz serves in the B2B and SaaS space.

In what market segment does sourcewiz serve?

The company serves the Retail market segment.

Who are some competitors of sourcewiz?

Some competitors of the company sourcewiz are Shiprocket, ShipBob and Centric software.

Who are the board of directors of sourcewiz?

The board of directors of sourcewiz are Divyaanshu makkar, Mayur chandrakant bhangale and vikas garg.

Is sourcewiz associated with any legal entity?

Yes, the company is associated with Oritur technologies private limited.

Conclusion

Sourcewiz is a Software service system designed for digitization in manufacturing, logistics, sales, storage, export/import, and numerous other industries. 

Sourcewiz is a business-to-business (B2B) online marketplace for companies that offer electronic solutions, visual advertising, manufacturing techniques, wholesaler shipping, digitizing for businesses to market their goods in an improved manner, and revenue-boosting options. Through the platform, they may concurrently reach additional consumers and realize the full potential for expansion. 

Sourcewiz is designed specifically for exporting to assist them in comprehending the most effective digitising option in the marketplace. 

Sourcewiz utilizes the catalog creator tool to generate online catalogs, manage all of the goods data, monitor purchaser activity on sharing catalogs, and streamline exhibition administration with a single tool under a single umbrella. 

Lastly, Sourcewiz creates distinctive goods catalogs for online companies using a selling system. 

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