Industry Software Headquarters New York City Type Privately held company | Website www.kinnek.com Founded 2011 | |
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Founder Karthik Sridharan, Rui Ma Products Business-to-Business Marketplace | ||
Kinnek is an American technology company, founded in 2012 by Karthik Sridharan and Rui Ma. It is currently headquartered in New York City.
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Kinnek provides a business-to-business online marketplace through which small and medium businesses can connect with suppliers, manage purchasing operations, and maintain supplier relationships. Comparisons have been drawn with Chinese B2B giant AliBaba and India's largest online marketplace IndiaMART, connecting buyers and sellers.
Using the platform, purchasing businesses post a request for a product – including details on price, specifications, quantity, and more – which is then filtered by various algorithms and presented to relevant suppliers, who may respond with customized quotes. After receiving their quotes, businesses may then select the supplier. Every supplier on Kinnek has a publicly accessible profile with ratings, comments, supplier information, and product offerings.
American keg company supplier profile courtesy of kinnek
History
Kinnek is a Fall 2012 graduate of the AngelPad incubator, founded by Thomas Korte. In December 2012, Kinnek raised $3 million in seed funding.
In September 2014, Kinnek raised $10 million in a Series A financing round led by Matrix Partners, with participation from previous investors including Sierra Ventures, Version One Ventures, Naval Ravikant, CrunchFund, Richard Chen, TriplePoint Ventures, and Benjamin Ling. As a result of the financing, Josh Hannah of Matrix Partners joined Kinnek’s board of directors.
In October 2015, Thrive Capital led a $20 million Series B in Kinnek, also with participation from investors from prior rounds. Kinnek subsequently added Joshua Kushner of Thrive to the board.