Supply chain startup Increff raises USD 2M in undisclosed round
Founders: Nirmal Jain, Rajul Jain, Anshuman Agarwal, and Romil Jain
Founded in: 2016
Financing status: USD 2 million in undisclosed round in 2017
Supply chain startup Increff has raised USD 2 million in a funding round led by Sequoia Capital. Warehouse management company Grey Orange Robotics, and individual angel investors including CareerNet co-founders Rishi Das and Anshuman Das, PremjiInvest’s Rajesh Ramaiah, RedSeer Consulting Director Jasbir Juneja also participated in the round.
Increff was founded in 2016 by Nirmal Jain, Rajul Jain, Anshuman Agarwal, and Romil Jain. The founding team previously worked at Myntra and DevFactory.
The Bengaluru-based startup is operated by NextSCM Technologies. Increff is a supply chain tech provider in fashion and lifestyle field. The startup uses data and technology for inventory management and analytics by which their clients can increase efficiency of merchandising and improve operations. The startup provides services for fashion and lifestyle brands, offline retailers, ecommerce retailers and warehouse operators.
Increff CEO Rajul Jain said that the startup’s solutions can help their clients predict demand on merchandising level and ensure constant tracking of every item at the warehouse level.
The startup will use the newly raised fund to expand their customer base, product portfolio, and hire new people for technology team.
(Top photo from Increff website)