Increff, a Bengaluru, India-based supply chain SaaS startup that offers supply chain and warehousing solutions to fashion and lifestyle brands, raised $12 million in a Series B round from TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital. Six existing angels also participated in this round.
Focusing on global expansion, Increff will use the funds to set up offices and strengthen the local teams in the US and European region. Furthermore, it will invest in adding visionary products and services to Increff’s portfolio for supply chain optimization.
Company: NextSCM Solutions Pvt. Ltd.
Round: Series B
Funding Month: February 2022
Lead Investors: TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital
Company Website: https://www.increff.com/
Software Category: Supply chain management
About the Company: Increff offers a host of SaaS-based industry-agnostic merchandising solutions and smart warehousing solutions for inventory optimization of eCommerce, fashion, and retail brands. Increff is solving these challenges for more than 10 retail verticals. Increff has been recognized as a ‘Cool Vendor 2020’ by Gartner for its innovative, impactful, and intriguing merchandising, planning, and distribution software solution, Iris X. Increff is now Information Security Management System ISO 27001:2013 certified. The startup has its operations in India and the Middle East and is seeing a growing clientele in the US and Europe.