NEW DELHI: ShakeDeal, a technology focused B2B commerce and supply chain platform that specialises in procurement and distribution solutions for the manufacturing sector, works with over 200 large enterprises including Flipkart, Nayara Energy and Siemens, as well as Indian MNCs such as Vedanta, Adani Group and Tata Group.
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“We closed last financial year at an annualised revenue run rate of Rs 200 crore and are already at an ARR of Rs 420 crore in June. This is largely due to our newly signed order books of around Rs 300 crore and this should enable us to get to Rs 500 crore in revenue by the end of this year,” said Akash Hegde, founder, ShakeDeal.
ShakeDeal’s procurement and supply chain automation platform enables enterprises to transform their supply chain by optimising inventory, consolidating procurement and automating workflows in the sourcing and procurement process.
Functioning as a specialist aggregator, ShakeDeal is able to consolidate and rationalise the vendor base by 60-80% while providing cost savings of 5-8% to enterprises.
Founded in 2016 by Akash Hegde, Akshay Hegde and Santhosh Reddy, ShakeDeal is backed by US-based PE firm Vora Ventures.
“We are focusing on profitability and sustainable growth—we are at an EBITDA of -3% and expect to break even in the next 12 to 18 months,” said Hegde.
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