🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Navata Supply Chain Solutions raises Rs 13.5 Cr led by Abyro Capital

EntrackrEntrackr · 2d ago
Navata Supply Chain Solutions raises Rs 13.5 Cr led by Abyro Capital
Medial

Navata Supply Chain Solutions (Navata SCS), a tech-enabled B2B last-mile integrated logistics platform, has raised Rs 13.5 crore ($1.52 million) in a new funding round led by Abyro Capital, with participation from existing investor Equanimity Investments, which had led the company’s previous round. The proceeds will be used to help Navata SCS accelerate its pan-India expansion, strengthen its AI-led logistics infrastructure, and enhance enterprise solutions for large and mid-market customers across manufacturing, retail, and e-commerce. Founded by siblings Hima Parvataneni and Vineel Parvataneni, Navata SCS aims to modernize India’s traditional B2B logistics ecosystem, which has remained largely unchanged since the 1980s. The company is building a tech-driven logistics backbone that uses data intelligence and operational excellence to deliver scalable, reliable, and cost-effective logistics solutions across rural and urban India. This marks Abyro Capital’s first investment in India, following its earlier US bets in NavaFlex Inc. and Monetize360. The operator-led venture firm focuses on early-stage investments across deep-tech, infra-AI, and vertical SaaS sectors. With this funding, Navata SCS plans to expand its nationwide network, onboard new enterprise clients, and invest in AI-native predictive supply chain platforms to create a more connected, efficient, and resilient logistics ecosystem for Bharat.

6

Related News

Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

EntrackrEntrackr · 9m ago
Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round
Medial

Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP. Earlier in 2024, QuiD had raised Rs 5 crore in its pre-seed funding led by Mint Cap Enterprises and Stone Park Capital. The proceeds will be used for technology enhancement and business growth. The firm has also launched QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-based financial solutions through its B2B supply chain platform. It serves around 8,000 users and partners with over 20 major companies in the FMCG, automotive, pharmaceuticals, and agriculture industries. These companies handle transactions worth Rs 50 crore to RS 250 crore every month. The firm operates with a team of 40 employees and plans to expand to 50 people next year. It aims to onboard 5 lakh retailers in the next two years.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr · 7m 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.

ProcMart raises Rs 25 Cr in pre-Series B round

EntrackrEntrackr · 1y ago
ProcMart raises Rs 25 Cr in pre-Series B round
Medial

Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India. The board at ProcMart has issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, its regulatory filing soured from the RoC shows. Previously, the startup had raised $10 million in its Series A round led by Sixth Sense Ventures in November 2022. Following the fresh proceeds, Sixth Sense became the largest external stakeholder with 30% stake in ProcMart while its founder and chief executive officer Anish Popli will command 41.76% of the company. As per the startup data intelligence platform TheKredible, the latest capital injection has been done at a valuation, which is Rs 275 crore. Founded in 2015 by Anish Popli, the IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalogue management and market intelligence. ProcMart’s clients include Colgate, Mondelez, Harman, and Vedanta. It has 13 offices in India and one in Malaysia. The company also launched white-label in 2022 to provide construction equipment. The Noida-based company recently announced a strategic collaboration with local vendors in the biomass briquettes and pellets manufacturing sector. It competes with Lightspeed Ventures-backed Udaan in the B2B supply chain space.

Exclusive: Supply chain startup 3SC raises fresh funds in new round

EntrackrEntrackr · 1y ago
Exclusive: Supply chain startup 3SC raises fresh funds in new round
Medial

SS Supply Chain Solutions (3SC) has raised Rs 31 crore (approximately $4 million) from existing investors GEF Capital’s South Asia Growth Fund. This is the first round of investment for the Gurugram-based company this year. The board at 3SC has passed a special resolution to issue 31,00,000 compulsory convertible preference shares at an issue price of Rs 100 each to raise Rs 31 crore, its regulatory filing accessed from the Registrar of Companies shows. The company will use these funds for growth and expansion, as decided by the board of directors. The regulatory filings added that GEF Capital’s South Asia Growth Fund will hold 66.27% of the company post-allotment. 3SC had raised $15 million in its Series B round led by GEF Capital’s South Asia Fund in July 2021. Looking at the trend, it appears that GEF Capital will take over the company wholly in the coming years. Established in 2012 by Lalit and Sarita Das, 3SC provides supply chain service, catering to a diverse array of industries such as pharmaceuticals, healthcare, industrials, FMCD, FMCG, and e-commerce. It also delivers supply chain analytics solutions to businesses. 3SC claims to have more than 100 data scientists, over 75 clients and has done more than 20,000 transactions to date. 3SC Solutions’ revenue from operations barely grew 1.71% to Rs 130.8 crore during FY23 from Rs 128.6 crore in FY22. As per the company’s consolidated financial statement, its losses jumped 2.3X to Rs 31.5 crore in FY23 against Rs 14 crore in FY22. The firm is yet to file its audited financial statements for FY24. Last month, climate tech focused private equity firm GEF Capital Partners recently closed its$325 million GEF US Climate Solutions Fund II. Its portfolio includes Blue Earth Capital, HQ Capital, ODDO BHF, and INGKA Investments, among others. It recently signed an agreement to invest Rs 580 crore in TI Clean Mobility.

Download the medial app to read full posts, comements and news.