Breaking
$8M SERIES A led by Peak XV Partners (Aug 2025) $100M+ GMV processed annually 100+ wholesalers · 700+ reps · 300K+ buyers FORBES 30 UNDER 30 - all three co-founders (2023) KAI - the AI assistant that builds carts & quotes $3.5M+ operational savings generated for customers $8M SERIES A led by Peak XV Partners (Aug 2025) $100M+ GMV processed annually 100+ wholesalers · 700+ reps · 300K+ buyers FORBES 30 UNDER 30 - all three co-founders (2023) KAI - the AI assistant that builds carts & quotes $3.5M+ operational savings generated for customers
Company Profile AI · B2B Ecommerce Founded 2020

WizCommerce

AI for modernizing wholesale sales & operations.

The wholesale trade runs on emails, PDFs, spreadsheets, and handwritten trade-show orders. WizCommerce is building the AI-native software layer that reads all of it - and turns it into clean orders, storefronts, and payments.

$13.5M
Total raised
$100M+
Annual GMV
~97
Team (2025)
WizCommerce logo and brand
WizCommerce - AI-native B2B platform for wholesalers, distributors, and manufacturers. Headquartered in Bengaluru with US operations in San Francisco, Dover, and Washington D.C. Brand imagery via wizcommerce.com.
The Feature

Rewiring the world's oldest way of doing business

Wholesale is one of the largest and least digitized parts of the global economy. Trillions of dollars in goods move every year from manufacturers to distributors to retailers - and a striking amount of that trade still happens over email threads, printed catalogs, PDF price lists, and orders scribbled by hand at trade shows. WizCommerce is a company built around a single, unglamorous observation: the software wholesalers actually use has never matched the way they actually sell.

Founded in 2020 in Bengaluru - originally under the name SourceWiz before a pivot and rebrand - WizCommerce set out to build an AI-native platform for wholesalers, distributors, and manufacturers. Rather than adapt a retail ecommerce tool for business buyers, the company designed for wholesale's particular mess: customer-specific pricing, bulk ordering, credit terms, sales reps in the field, and back offices that live inside ERP systems like NetSuite and QuickBooks.

"The AI era of wholesale isn't coming. It's here. And WizCommerce is leading the way." Divyaanshu Makkar, Co-Founder & CEO

What the company actually does

At its core, WizCommerce unifies the scattered pieces of a wholesale sales operation into one system. A distributor can run a self-service buyer storefront, equip field reps with a mobile order-taking app, generate product photography and catalogs, and collect B2B payments - without stitching together four different vendors.

The connective tissue is AI. The platform can ingest orders from emails, PDFs, spreadsheets, scanned documents, voice notes, and even handwriting, then convert them into structured orders. That matters because wholesale orders rarely arrive in a tidy format. They arrive however the customer felt like sending them.

An assistant called Kai acts as an AI co-worker for sales teams, building carts and generating quotes on command. Separate AI tools handle order entry, quote automation, and sales insights - the repetitive tasks that quietly consume a rep's week.

The company reports processing more than $100M in gross merchandise value annually across categories including furniture, home furnishings, rugs and textiles, eyewear, gifts, industrial goods, and food and beverage.

Who uses it, and the problem it solves

WizCommerce says it supports 100+ wholesalers and distributors, 700+ sales representatives, and 300,000+ buyers. Named customers include rug-and-textile brand Jaipur Living, furniture company Zuo Modern, and Antique Curiosities. The through-line among them is a sales motion that mixes in-person reps, trade shows, and online ordering.

The problem is time. A sales rep at a trade show might write dozens of orders on paper across three days, then spend a weekend re-entering them into an ERP. WizOrder, the company's rep app, captures those orders offline and syncs them automatically - the company says it saves reps 5+ hours per event. Customers cite concrete gains: Antique Curiosities reported a 20% revenue increase, Zuo Modern 30%, and one customer, Zia Pia, reported saving roughly 10 hours per person each week.

Wholesale got left behind while retail got Shopify. WizCommerce is the attempt to close that gap - on wholesale's own terms.

How it differs from the alternatives

The B2B commerce category is not empty. Competitors and adjacent tools include Pepperi, Handshake (owned by Shopify), SimplyDepo, Perenso, Cin7, and broader platforms like NetSuite, Odoo, and BigCommerce. WizCommerce's argument for difference rests on two claims: that it is AI-native rather than AI-bolted-on, and that it is purpose-built for ecommerce-first wholesale rather than repurposed from retail or CPG software.

Practically, that shows up as native ERP integrations - the company highlights a NetSuite connection that needs no middleware - and a promise of going live in under 30 days. For a mid-sized distributor wary of a year-long software rollout, implementation speed is often the deciding factor.

Business model and the people behind it

WizCommerce operates as a B2B SaaS subscription, priced by business size and the modules a customer uses, with reported pricing that starts around $500 per month. Embedded payments through WizPay add a second revenue stream tied directly to transaction flow.

The founding team is three IIT alumni - Divyaanshu Makkar (CEO), Vikas Garg, and Mayur Bhangale - all named to Forbes 30 Under 30 in 2023. Makkar previously worked at Bessemer Venture Partners and EY-Parthenon and holds an MBA from Berkeley's Haas School of Business. In August 2025, the company raised an $8M Series A led by Peak XV Partners, with Blume Ventures, Z47, and Alpha Wave participating - capital earmarked largely for expansion in the United States, where it now operates offices in San Francisco, Dover, and Washington D.C.

Whether WizCommerce becomes the default operating system for wholesale is an open question. What is clear is the size of the gap it is aiming at: an enormous, fragmented market that modern software has mostly ignored, now being asked to run on AI.

The Product Suite

Four products and an AI co-worker

Buyer Storefront

WizShop

A wholesale-native B2B ecommerce portal with multi-level pricing and customer-specific catalogs for self-service buyer ordering.

Rep App

WizOrder

AI-enabled order taking for reps at customer sites and trade shows - including offline capture that syncs straight to the ERP.

Catalog & Imagery

WizStudio

AI-powered product photography and catalog management, generating lifestyle imagery and product visuals at lower cost.

Payments

WizPay

Embedded B2B payment processing built into the sales workflow, with support for credit terms and multiple payment options.

AI Assistant

Kai

An AI co-worker that builds carts, generates quotes, enters orders, and surfaces sales insights on command.

Integrations

ERP Connectors

100+ integrations including native NetSuite (no middleware), QuickBooks, and Fishbowl.

By The Numbers

The scale so far

$100M+
Annual GMV processed
100+
Wholesalers & distributors
700+
Sales representatives
300K+
Buyers on the platform
$3.5M+
Customer savings via AI
<30
Days to go live
Customer Results

Reported revenue gains

Zuo Modern+30%
Antique Curiosities+20%
Jaipur Living+5-10%
Self-reported customer figures published by WizCommerce. Bars scaled to reported revenue uplift; individual results vary.
The Timeline

From SourceWiz to Series A

2020

Founded as SourceWiz

The company starts in Bengaluru, initially under the SourceWiz name.

2022

Seed round - ~$2.54M

Early financing led by Z47 and other investors.

2023

Forbes 30 Under 30

All three co-founders are recognized as the wholesale product suite takes shape.

2024

AI-first expansion

Launches embedded payments (WizPay) and the Kai AI assistant.

2025

$8M Series A

Led by Peak XV Partners, with Blume Ventures, Z47, and Alpha Wave, to fuel US expansion.

The Facts

At a glance

Headquarters
Bengaluru, India (US ops: San Francisco, Dover, Washington D.C.)
Founded
2020 (originally SourceWiz)
Founders
Divyaanshu Makkar (CEO), Vikas Garg (CPO), Mayur Bhangale
Total funding
~$13.5M across 3 rounds
Lead investor
Peak XV Partners (Series A)
Category
AI-native B2B sales & ecommerce (SaaS)
Team size
~97 employees (2025)
Frequently Asked

The quick answers

What does WizCommerce do?

It's an AI-native B2B sales and ecommerce platform that helps wholesalers, distributors, and manufacturers take orders, run buyer storefronts, manage catalogs and product imagery, integrate with ERPs, and process payments - all in one system.

Who founded WizCommerce and when?

It was founded in 2020 (originally as SourceWiz) by Divyaanshu Makkar (CEO), Vikas Garg, and Mayur Bhangale - all IIT alumni and Forbes 30 Under 30 honorees.

How much funding has it raised?

About $13.5M total across three rounds, including a ~$2.54M seed and an $8M Series A led by Peak XV Partners in August 2025.

What are the main products?

WizShop (B2B storefront), WizOrder (sales-rep order app), WizStudio (AI product photography), WizPay (embedded B2B payments), and Kai (an AI assistant for carts and quotes).

How is it different from Pepperi or Shopify?

It's AI-native and purpose-built for ecommerce-first wholesale rather than adapted from retail or CPG platforms, with native ERP integrations, offline trade-show order capture, and AI that reads emails, PDFs, scans, and handwritten orders.