AbeRuk.COM

  • Bangalore, India
  • Consumer GoodsBooks, Offline, Platform, Consumer Internet

AbeRuk is a B2B technology company that sell books to college, institution and schools.

Founded:
2016
Stage:
Early Revenues
Market:
B2B

Startup Video

Featured

Image

Books Marketplace AbeRuk Raises Angel Funding from Hong Kong Based Swastika | Business World

AbeRuk, a six-month old e-commerce startup, has raised an undisclosed amount in Angel funding from a Hong Kong-based company Swastika Company Limited. AbeRuk run by Quarto India Internet Pvt. Ltd. is an online marketplace for used books. At present,

Jul 20, 2016


Founded

We went live on this date

Jan

2016

Funding

Raised Angel Funding from Swastika Co, (Hong Kong)

Feb

Media Coverage

Media (PR etc) on Angel Funding & Way Forward

Jul

New Product Release

Launched bulk ordering vertical

Nov

Jobs


Team Summary

Sidharth Shankar
Founder & CEO
Comes with wide industry experience in Lean Operations & Business Process Re-engineering domain.
Ex - Toyota (4 Yrs)
(India, Middle East, APAC)

Sidharth Kumar
Co-Founder
Comes with International Business exposure & core finance
Ex - Schneider Electric, Ex - BIC staff
(Paris, KL, NYC)

Team

Founding Team

Sidharth is passionate about creating things and strives to create a leaner world. Process, supply chain and business process re-engineering are his likes,

WORK

AbeRuk (2015 - present)
CEO & Founder

Let's Lean (2014 - 2015)
Founder

Toyota Motor Corporation (2014 - 2014)
TSM Kodawari Instructor

EDUCATION

National Law School of India University
Post Graduate Diploma - DED • 2015 - 2015

BIT
Bachelor of Engineering (B.E.) • 2006 - 2010

WORK

BIC (2013 - 2013)
Financial analyst

BIC (2012 - 2013)
Junior financial analyst

Schneider Electric (2010 - 2011)
Financial controller

EDUCATION

Grenoble Ecole de Management - Grenoble Graduate School of Business
Masters in international business • 2009 - 2011

Manipal Academy of Higher Education
Bachelor of business adminstration • 2005 - 2008

Product/Service Summary

AbeRuk is a B2B technology platform that sells books to college, institution and schools. We sell books in custom bundles irrespective of any MOQ as a bulk order. College can download quotation online, Order Books and generate requirement by sharing URL with faculties. Based on courses a college run, we also have book recommendation engine to add right books to the library. AbeRuk journey started as an online marketplace for used & new books, however going deep in the bulk ordering of books by colleges & institutions and understanding challenges in terms of information asymmetry, lack of customer service, traditional way of selling books in bulk and hidden layers in the value chain, we strengthened our self as a potential B2B technology company operating in books space. Our vision is to sell books to every school & college in India which contributes to 80% of books sold in India with a current market size of USD 4.2 BN

Product/Service Descriptions