At the “Connecting Ideas With Money” session held on the 18th of May at 4:30 PM, founder Manjunatha N pitched his startup, Polar Canvas.
Polar Canvas is a managed B2B tech platform revolutionizing India’s $200 billion printing and packaging industry. The company aims to become a singular point of access for over 30 crore MSMEs, leveraging urbanization, e-commerce growth, and changing lifestyles. The industry has been growing at a CAGR of about 27% since 2020, and by 2025, India is projected to be the 5th-largest consumer market globally.
The Problem:
- Poor vendor discovery, limited quality control, and non-transparent pricing.
- Scattered market with multiple offline vendors.
- Difficulties in fulfilling printing orders due to a lack of accessible and efficient services.
The Solution:
- Tailored printing and packaging solutions for urban MSMEs.
- Managed B2B platform offering a single-point solution.
- Streamlined processes enhancing efficiency.
- Easy access to the right vendors in a fragmented market.
- Strict quality standards ensuring timely deliveries.
- Standardized pricing for better comparison.
Key Highlights:
- 80+ vendors onboarded.
- 120 B2B clients in Bangalore and nearby towns.
- Average invoice size of around 25K per order.
- 20 monthly recurring orders.
- Increasing demand for packaging due to urbanization.
- Opportunities from investments in food processing, personal care, and pharma sectors.
Market Size:
- India’s packaging industry is expected to reach $204.81 billion by 2025, growing at a CAGR of 26.7% since 2020.
For more information, visit Polar Canvas.
