Crest, a Bengaluru, India-based automated inventory planning SaaS startup, raised $800,000 in pre-seed funding.
The round was co-led by the Indian Angel Network and Inflection Point Ventures. Faad network and a host of angel investors, including Sahil Barua and Kapil Bharati (Delhivery), Saahil Goel, Gautam Kapoor, Vishesh Khurana, and Akshay Ghulati (Shiprocket), among others, also participated in the round.
The funds will be used to expand Crest’s product offerings, scale operations, and onboard more brands faster.
“Crest has improved serviceability, reduced out-of-stock situations, and automated supply chain operations. Notable customers include Samosa Party, Wow Skin, Swiss Beauty, Pro Nature, and Sleepwell, among others,” said Rahul Vishwakarma, founder, and CEO of Crest.
Crest uses artificial intelligence (AI) and machine learning (ML) tools to predict demand, and automate purchase planning and distribution planning.
Company: Pine AI Inc. & Conifer Innovations Pvt Ltd
Round: pre-Seed Round
Funding Month: February 2023
Lead Investors: Indian Angel Network and Inflection Point Ventures
Additional Investors: Sahil Barua, Kapil BharatiSaahil Goel, Gautam Kapoor, Vishesh Khurana, and Akshay Ghulati
Company Website: https://www.getcrest.ai/
Software Category: Supply Chain Software
About the Company: Founded in 2022 by Rahul Vishwakarma, Akhil Kumar, and Yogesh Byahatti, Crest is an AI-powered supply chain software that provides companies with tools for demand forecasting, inventory planning, and more. It helps direct-to-customer (D2C) and small and medium businesses (SMBs) in eliminating stockouts. The company is on a mission to make stock-outs go extinct so that no business would have to lose out on a customer.