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Edgistify raises $1.4 Mn from NB Ventures and Rajesh Ranavat

EntrackrEntrackr ยท 28d ago
Edgistify raises $1.4 Mn from NB Ventures and Rajesh Ranavat
Medial

Edgistify raises $1.4 Mn from NB Ventures and Rajesh Ranavat Warehousing and fulfilment partner Edgistify has raised $1.4 million in a pre-Series A funding round co-led by NB Ventures and Rajesh Ranavat, with participation from PhysicsWallah co-founder Prateek Maheshwari, Vivek Gaur, Vikram Tandon, and other angel investors. The Mumbai-based company had previously raised $1.63 million in a seed funding round from Sterling Auxiliaries and others. The proceeds will be channelled towards onboarding more high-growth brands, advancing AI-led orchestration through EdgeOS, and expanding fulfilment depth across Tier-2 and Tier-3 markets, Edgistify said in a press release. Co-founded in 2017 by Umang Shukla, Antim Suman, and Kamal Kishore Kumawat, Edgistify is an AI-driven warehousing and fulfilment partner that aims to build Indiaโ€™s most trusted and intelligent supply chain backbone. Powered by its proprietary platform, EdgeOS, the company unifies warehousing, order management, transportation, and on-ground operations into one seamless execution ecosystem. EdgeOS integrates WMS, OMS, FMS, last-mile, and internal operations intelligence into a single orchestration layer. Edgistify designs fulfilment models tailored to each brandโ€™s exact requirements, boosting speed, reducing costs, and enhancing customer experience. The platform addresses challenges such as PO errors, multi-channel fragmentation, unpredictable replenishments, and city-wise operational inconsistency. Edgistify operates a significant warehouse network across North, South, East, and West India, enabling deliveries to over 27,000 pin codes nationwide. With a large customer base, the company primarily works with businesses in FMCG, beauty, electronics, pharma, and quick commerce. According to its website, it serves more than 1 lakh daily orders, has over 75 integrations, a presence across more than 50 cities, over 100 warehouses, and has worked with more than 50 customers.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr ยท 12m ago
CapGrid Solutions raises $5 Mn led by Anicut Capital
Medial

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

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