MarketOrders, which taps blockchain tech to make the jewellery buying process more transparent, has exceeded a £400,000 crowdfunding target.

The startup, which launched in 2016 and has been self-funded to this point, has raised a total of £448,420 from 214 investors on Crowdcube and plans to use the cash to officially launch its platform.

 
Ram Krishnna Rao, Co-founder and CEO, MarketOrders, says: “Having worked on a number of jewellery ventures in the past, I feel confident that we’ve got a strong business model in MarketOrders. There was a clear gap in the market for an online marketplace that provides independents with superior buying benefits, and we’re excited to roll the platform out to more retailers and suppliers in the coming months.”
 
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“B2B marketplace startup for jewellery tech overfunded on Crowdcube”

Today (July 2), B2B marketplace MarketOrders has overfunded on Crowdcube.com, raising a total of £448,420 from 214 investors.
 
“Sukhi Jutla, co-founder and COO of MarketOrders, said: “We’re thrilled to have exceeded our crowdfunding target, and this funding will make a huge difference as we look to expand our exceptional team and invest heavily in updating our platform.”
 
Click HERE to read the article
 
 

In its recent article “MarketOrders exceeds crowdfunding target” BusinessCloud writes “The B2B marketplace for the gold and diamond jewellery industries raised the total from 214 investors and plans to use the funding to officially launch its platform, which will use innovative blockchain technology to make the jewellery buying process more transparent.
 
“We are passionate about supporting independent retail jewellers, and we strongly believe this marketplace will put the power back into their hands.” said Sukhi Jutla COO and Co-founder of MarketOrders.
 
“Ram Krishnna Rao, co-founder and CEO of MarketOrders, said: “Having worked on a number of jewellery ventures in the past, I feel confident that we’ve got a strong business model in MarketOrders.”
 
Click HERE to read the article