VC Fund Investments
FMCG marketplace Soptle raises $1-M
Soptle, a New Delhi-based SaaS-led B2B marketplace for FMCG manufacturers and retailers, has raised USD 1 million led by existing investor Kube VC and We Founder Circle with participation from Iceland Venture Studio, Nyra Ventures and Dunzo founder Ankur Agarwal. The company intends to use the funds to accelerate the expansion of the retailer-network reach and manufacturing-partner footprint across India, with new product offerings and technology enhancement. Founded in 2021 by Pravas Chandragiri, Soptle provides a SaaS-based B2B FMCG commerce platform that enables FMCG manufacturers to digitize their workflow, day-to-day business, run their existing business efficiently and increase sales to resellers in other geographical areas by enhancing their capacity of use. The company closed two angel rounds in 2022. With the latest pre-seed round, the startup has cumulatively raised USD 1.4 million.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
