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India Index connecting Indian suppliers with the world, raises $500K from investors

IndianStartupNews · 1y

B2B cloud-based supply chain marketplace India Index has successfully secured $500,000 in a pre-seed funding round, with participation from private investors both from the United States and India. Some notable participants in this funding round include Parth Jindal from JSW Group, Vaaman Sehgal from Motherson Group, and Robert Lansing from Westminster Capital. Established in 2022 by Samir N. Kapadia, India Index has introduced a cloud-based platform that serves as a hub for international buyers and Indian suppliers to efficiently search, filter, and evaluate potential supply chain partners. This process is designed to be seamless and cost-effective, streamlining the selection and vetting of suppliers. Samir Kapadia, the founder and CEO of India Index, emphasized the platform's role in enhancing visibility, connectivity, and commercial interactions between U.S. buyers and Indian suppliers. The funding received will contribute to the development of advanced features beyond the initial search, evaluation, document review, and workflow management solutions. The platform's upcoming tools will enable U.S. buyers to conduct transactions and manage logistics services directly through the platform, simplifying and consolidating the entire supply chain journey in one place. Kapadia described India Index as a digital infrastructure company that facilitates international trade, particularly between India and the rest of the world, on a significant scale. India Index's funding round showcases the growing interest in innovative solutions aimed at optimizing supply chain processes and enhancing global trade relationships. With support from both Indian and U.S. investors, the startup is well-positioned to further develop its platform and contribute to the modernization and efficiency of B2B supply chain operations.