B2B shopping made simple

• We shop for items online and expect it to arrive within a reasonable period of time. This whole experience is not common for B2B SMEs, especially in the industrial, electrical and construction sectors. Why can’t it be the same?
• Proglix, a B2B e-commerce platform is making raw materials procurement as seamless as the B2C retail experience for Indonesian SMEs.
• The team just raised US$1.35M in a seed round participated by 500 Global, Number Capital, Magic Fund, Arkana Ventures, and MDI Arise.
• The fresh funds will be used to expand the platform’s product offerings, increase customer outreach, and grow the team.
• Founded in 2022, Proglix aims to be a one-stop shop for high-quality raw materials across multiple industries, including industrial, electrical, construction, and photovoltaic systems.
• Those are some pretty big words, but all SMEs need to know is that Proglix connects you with raw materials at competitive prices and delivers them with shorter lead times. There’s an online product catalogue for convenient browsing, and you can place orders with a single click.
• This helps SMEs overcome the challenges of unreliable stock availability, delivery delays, and price fluctuations — common issues faced when procuring raw materials through traditional suppliers like traders or wholesalers.
• The team added that the platform simplifies the procurement process by integrating inventory updates and prices from multiple manufacturers, taking customer orders, tracking deliveries, and facilitating payments. They even facilitate credit financing for SMEs!
• According to Proglix, the startup recorded a 66x revenue growth within their first year of operations. 
• The team is also the only Indonesian startup – out of over 19,600 applicants – confirmed for YC W23, the established Silicon Valley-based accelerator programme by Y Combinator, happening from January – March 2023.
• Congratulations to the Proglix team!
• Read the full story on e27.