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Printbindaas Receives Angel Funding From Manoj Kumar Swain & Rajesh Garg

Printbindass.com, a web based printing solutions provider, has raised angel funding from Manoj Kumar Swain, CEO of Morgan Stanley India Primary Dealer Pvt Ltd, and Rajesh Garg, AVP (business development & technology) at Ireo Management Pvt Ltd., reports techcircle. The financial details of the deal were not disclosed. The company intends to use the funding received on expanding its business, acquiring new customers and marketing. The company has a team of 20 employees and by the end of this year, Printbindass aims to hire 15 employees.

Features: Mumbai-based Printbindaas offers printing solutions to SMEs by offering products such as stationery, marketing collaterals such as visiting cards, envelopes,  flyers and brochures. The portal allows users to design their own products where users can upload their own logos, pictures on the templates and even upload complete designs. The company also provides design packages in case entrepreneurs need help with the design. Users can drag and drop images from select designs provided by the portal or upload their own images.

For Designers: The portal also features a section — Vluvdesigns for designers where they can upload their designs and earn a percentage of amount on each order placed with that design.

Shipping and payment: The company claims that the products are delivered to users within 4-7 days after order-placing. The company currently provides free-shipping across India as a special offer. The portal accepts Credit/debit card, netbanking, Cheque, Demand Draft, Cash deposit in Bank, Bank-to-bank transfer as payment options. Since it mainly caters to businesses, it doesn’t really need to offer Cash On Delivery option as a payment option.

Founded in April 2010, Printbindaas started its online business in May 2011 and has offices in Mumbai, Delhi and is expecting to have an office in Bangalore next year. The company claims to have delivered to 10,0000 customers and has been growing at 20-25 per cent month-on-month.

Their current clients include SBI CAG, SBI CAP, IDBI Bank, Siemens, BJP, among others. The company has previously raised Rs. 25 Lakhs in angel round from existing investor Manoj Kumar Swain, CEO of Morgan Stanley India Primary Dealer Private Ltd, as reported by Yourstory.

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 Other players

Printbindaas is currently competing with Printo, Rocket Internet-backed PrintVenue and Printbazaar. Since, Printbindaas also offers custom design t-shirts and mugs, it also competes with Inkfruit.com. However, Inkfruit prints the design on t-shirts only if the design is approved by a number of Inkfruit users.

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