Soptle, a Gurugram, India-based B2B SaaS company that provides a retail commerce platform, raised $300,000 in an angel round led by early-stage venture firms Kube VC and Soonicorn LLP.
Industry veterans also joined the round such as Vaishnav Shetty (Executive Director of Allcargo Logistics Ltd Group), Pirojshaw Sarkari (Phil) (CEO of Gati Limited), Ankur Aggarwal (Co-founder of Dunzo), Saurabh Aggarwal (Co-founder of Fitso by cult.fit), Ravish Kumar (VC Partnerships at Google), Abhishek Menon (GoMechanic.in ), Himanshu Periwal (Co-founder of Unlu®) and others.
The funds will be used primarily for hiring more people, strengthening the product, and generally for investment in growth areas.
Soptle is a tech-commerce platform that helps FMCG businesses distribute their products to active retailers across India.
Company: Fransisco Technology Pvt. Ltd.
Raised: $.30K
Round: Angel Round
Funding Month: November 2022
Lead Investors: Kube VC and Soonicorn
Additional Investors: Vaishnav Shetty, Pirojshaw Sarkari, Ankur Aggarwal, Saurabh Aggarwal, Ravish Kumar, Abhishek Menon, and Himanshu Periwal
Company Website: https://soptle.com/
Software Category: Retail Commerce Platform
About the Company: Founded in 2022 by 19-year-old high school graduate Pravas Chandragiri, Soptle is a micro-SaaS-led B2B retail commerce platform that helps small and large FMCG businesses distribute products by using its network of active retailers across India. The startup aims to streamline the supply chain by giving manufacturers access to countrywide distribution. It's revolutionizing the retail ecosystem by enabling manufacturers to serve their retailers better and improve manufacturers’ income by providing access to countrywide distribution at a scale through its existing tech-enabled S&D channel cum market linkages.
Source: https://yourstory.com/2022/11/funding-roundup-november-22-2022-soptle-vajram