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

IndianStartupNewsIndianStartupNews · 1y ago
India Index connecting Indian suppliers with the world, raises $500K from investors
Medial

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.

Entvin AI raises $500K from Y Combinator

EntrackrEntrackr · 4m ago
Entvin AI raises $500K from Y Combinator
Medial

Entvin AI raises $500K from Y Combinator Entvin AI, which offers AI solutions for the pharmaceutical and life sciences sectors, has officially launched out of beta and raised $500K in its maiden funding round from Y Combinator. The fresh funds will be used to expand its AI capabilities and accelerate customer acquisition among mid-to-large pharmaceutical companies globally, Entvin AI said in a press release. Co-founded in 2022 by Sanskar Jain, Hemant Phalak, and Rishabh Arya, Entvin aims to eliminate the hassles of the time-consuming, resource-intensive, and complex FDA drug approval process. The company has developed an AI platform to streamline these challenges. Entvin notes that the FDA drug approval process often takes years and costs millions; any inefficiency can significantly impact a company's bottom line and delay potentially life-saving treatments from reaching patients. The platform addresses this critical challenge head-on with a specialized AI solution designed for regulatory teams. Entvin's AI platform directly tackles this bottleneck by automating document drafting, compliance verification, and regulatory monitoring tasks. Its technical architecture leverages large language models specifically fine-tuned for regulatory documentation and FDA compliance requirements. Early users report significant efficiency gains, with some teams reclaiming hundreds of hours previously spent on manual regulatory work. The platform actively identifies compliance gaps, automates repetitive documentation tasks, and provides regulatory teams with actionable insights in real time. This enables life sciences companies to navigate the approval process with unprecedented efficiency while maintaining trust, reliability, and seamless integration. Entvin reports early success with enterprise pilot customers, demonstrating that its AI solution can save hundreds of hours for regulatory and scientific teams while improving compliance accuracy—an essential factor in an industry where regulatory missteps can cost millions.

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