Private Equity

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B2B retail commerce platform Soptle raises funding led by Soonicorn

Startup Story Media  

Soptle, a retail commerce platform that focuses on software as a service (or SaaS), has raised funding led by Soonicorn LLP. A number of logistics-industry investors, including Vaishnav Shetty (Executive Director, All-cargo Group), Pirojshaw Sarkari (CEO, Gati Ltd), and Saurabh Agarwal (ex-founder, Fitso, which was acquired by Zomato) also participated in the round. The funds raised will go toward building out Soptle's national distribution network, scaling up product capabilities, and expanding the staff. Founded by Pravas Chandragiri, Soptle has developed an asset-light platform that removes middlemen from the conventional supply chain by digitising and rewarding FMCG businesses. It also enables FMCG manufacturers to supply products to retailers all over India.