[Update] Exclusive: Contract Manufacturing Startup Bidso Raises ₹63 Cr

Update | March 23, 2026, 10:00 IST

Contract manufacturing startup Bidso has raised ₹63 Cr (about $6.7 Mn) in its Series A round comprising ₹51 Cr equity and ₹12 Cr debt. The round was led by Blume Ventures, with participation from existing investors Peer Capital and Sadev Capital. The debt was raised from Alteria Capital.

Prior to this, Bidso said it raised seed funding from Peer Capital in July 2023 and a pre-Series A round in January 2025 from Peer Capital, Sadev Ventures, Marshot Ventures, and Atrium Ventures.

The startup plans to utilise the fresh capital to strengthen product design and manufacturing capabilities, expanding manufacturing and production capacity and scale product portfolio. Bidso will also invest in expanding its design, engineering, production, and sales teams, especially as it eyes international expansion.

Bidso claims to have more than doubled its revenue over the past year, having expanded its product portfolio and B2B partnerships with global toy brands. It also acquired licences for characters such as Peppa Pig, Harry Potter, Transformers, and NASA to deepen licensed product ranges.

The startup hinted at plans to expand beyond toy manufacturing into adjacent consumer product categories.

Original Story | March 13, 2026, 12:00 IST

B2B contract manufacturing startup Bidso is in talks to raise around ₹40 Cr to ₹50 Cr ($4.3 Mn to $5.4 Mn) in a funding round expected to be led by Blume Ventures, sources told Inc42.

The round will also see participation from existing investors such as PeerCapital, Atrium Ventures, DeVC, among others. 

The Bengaluru-based startup will raise the funding at a post-money valuation of around ₹250 Cr (about $27 Mn), the sources added. 

Questions sent to Bidso and Blume Ventures on the funding round didn’t elicit any response till the time of publishing this story. 

This comes almost three years after Bidso raised $1.5 Mn (about ₹16 Cr) in its seed funding round. 

Founded in 2022 by Rahul Agarwal, Vivek Singhal, and Aditya Krishnakumar, Bidso is a contract manufacturing platform for general merchandise goods. From design to manufacturing, the startup claims to handle the entire process by bringing together its capabilities in industrial design, technical engineering, and controlled manufacturing 

It claims to source customised high-quality products at the best value with full transparency and efficient fulfilment, enabling brands to quickly launch or expand their product offerings. 

It produces kick scooters, tricycles, ride-ons, baby walkers, among others. As per its LinkedIn page, Bidso has around 50 employees currently. 

This comes amid the Centre’s efforts to make India a global manufacturing hub. Finance minister Nirmala Sitharaman announced a number of initiatives in her Budget speech this year to further incentivise domestic manufacturing.

Amid this manufacturing push, investors are betting on contract manufacturing startups to capitalise on the opportunity. While contract manufacturing company Aequs made its stock market debut in December last year, toy manufacturing startup Aditi Toys raised ₹36 Cr (around $3.9 Mn) in a round led by GVFL earlier this week.

Last week, B2B contract manufacturing startup Karkhana acquired electronics manufacturing services (EMS) firm Micron EMS Tech to enhance its capabilities.

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