PumpKart, Chandigarh based online retailer of water pumps, has raised an undisclosed amount in seed funding from Ritesh Malik, Founder of co-working space Innov8 and Project Guerilla. The raised funds will be used for expanding the online reach to more Indian cities in the coming time.
Founded by KS Bhatia, Pumpkart has been doing great business since last few years. Totally bootstrapped till now, the startup already claims to be the best retailer in Tamil Nadu and Maharashtra. Bhatia visualises becoming India’s number 1 water pump company by 2025.
KS Bhatia has launched his first company Air Fluid in 1998. Over the years, he established himself as one of the leading contractor for water fitting projects and counted the likes of Marriott and Taj hotel as his clients. He was also recognised by Google as regional SME leader in January 2016.
Speaking on the development, Bhatia said that the company is doing revenue of over ₹50 lakhs each month and on the verge of becoming profitable. With over 1000 pumps sold every month, it has products from its private label as well as other popular brands. According to Bhatia, if his company manages to capture even 8% of the water pump market, it will be the largest Indian company and his team is working towards the same direction.