Update | March 23, 2026
Bidso, a contract manufacturing startup, has successfully raised ₹63 Cr (approximately $6.7 million) in its Series A funding round. This round includes ₹51 Cr in equity and ₹12 Cr in debt, led by Blume Ventures with contributions from existing investors Peer Capital and Sadev Capital. The debt component was secured from Alteria Capital.
Previously, Bidso raised seed funding from Peer Capital in July 2023, followed by a pre-Series A round in January 2025, which included investments from Peer Capital, Sadev Ventures, Marshot Ventures, and Atrium Ventures.
The startup plans to use the newly acquired funds to:
- Enhance product design and manufacturing capabilities.
- Expand manufacturing and production capacity.
- Broaden its product portfolio.
- Invest in building its design, engineering, production, and sales teams, particularly for international expansion.
Bidso reports that it has more than doubled its revenue in the past year, thanks to an expanded product lineup and new B2B partnerships with global toy brands. The company has secured licenses for popular characters such as Peppa Pig, Harry Potter, Transformers, and NASA, enhancing its range of licensed products.
Looking ahead, Bidso is considering diversifying its offerings beyond toy manufacturing into other consumer product categories.
Original Story | March 13, 2026
Earlier reports indicated that Bidso was in discussions to raise between ₹40 Cr and ₹50 Cr ($4.3 million to $5.4 million) in a funding round expected to be led by Blume Ventures, with participation from existing investors like Peer Capital and Atrium Ventures.
Founded in 2022 by Rahul Agarwal, Vivek Singhal, and Aditya Krishnakumar, Bidso operates as a contract manufacturing platform for general merchandise. The startup claims to manage the entire process from design to manufacturing, offering customized high-quality products with full transparency and efficient fulfillment.
Currently, Bidso produces various items including kick scooters, tricycles, ride-ons, and baby walkers, employing around 50 staff members. This development aligns with the Indian government's initiative to position the country as a global manufacturing hub, as highlighted by Finance Minister Nirmala Sitharaman in her recent Budget speech.
As the manufacturing sector gains momentum, investors are increasingly turning to contract manufacturing startups. Notably, Aequs made its stock market debut last December, and Aditi Toys recently raised ₹36 Cr (around $3.9 million) in a funding round led by GVFL.
