Soptle, a Gurugram, India-based SaaS-led B2B retail commerce startup, raised an undisclosed amount in angel funding.
The round was led by Soonicorn LLP and a group of marquee investors, including Vaishnav Shetty, (Executive Director and CDO of Allcargo), Pirojshaw Sarkari (CEO of Gati), and Saurabh Agarwal (former founder of Fitso), and others.
The startup plans to use the raised capital to expand Soptle’s distribution network across the country, scale product capabilities, and grow the team.
“We have a unique distribution approach to building India’s largest FMCG distribution SaaS platform that activates critical connections between FMCG manufacturers and distributors/wholesale as well as retailers,” Pravas Chandragiri, Founder & CEO-Soptle, said.
Company: Fransisco Technology Private Limited
Round: Angel round
Funding Month: September 2022
Lead Investors: Soonicorn LLP
Additional Investors: Vaishnav Shetty, Pirojshaw Sarkari, and Saurabh Agarwal
Company Website: https://soptle.com/
Software Category: Retail Commerce Platform
About the Company: Soptle is a micro-SaaS-led B2B retail commerce platform that helps consumer goods companies distribute products by using its network of over 15,000 retailers across the country. Soptle provides a direct line of communication between manufacturers and local retailers. Soptle helps ambitious brands access new markets; it also helps enterprising local retailers compete effectively against modern trade – both online and offline. Soptle also offers effortless geographical expansion and an opportunity to reduce sales and distribution costs for existing markets.