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Startup funding

Increff, Supply chain Startup raises fund from Sequoia capital and others.

17th, July 2017    -    Startup funding

Increff Startup which operate in Supply chain area raised $2Mn in a nding round led by Sequoia Capital. Warehouse management company Grey Orange Robotics and other angel investors also participated in the round.

Among the investors that joined the round were CareerNet co-founders Rishi Das and Anshuman Das; PremjiInvest’s Rajesh Ramaiah; and Jasbir Juneja, Director of research and advisory firm RedSeer Consulting.

The funds will be used to expand Increff’s customer base and product portfolio, as per reports. A portion of the funds will also go into hiring new people for the startup’s technology team.

Increff was founded in August 2016 by Nirmal Jain, Rajul Jain, and Anshuman Agarwal, all of whom previously worked at Myntra. The founding team also includes former DevFactory employee Romil Jain.

Owned and operated by NextSCM Technologies, Increff is an end-to-end supply chain tech provider for fashion and lifestyle brands. Its clientele includes Zivame, Aditya Birla Group-owned Abof, Campus Sutra, and Brand Studio Lifestyle Pvt. Ltd.

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