B2B marketplace Soptle raises $1M in pre-seed investment round
- ByStartupStory | May 10, 2023
Soptle, a B2B marketplace for FMCG manufacturers and retailers, has raised $1 million in a pre-seed funding round led by Kube VC and We Founder Circle, with participation from other investors.
Other investors, including Iceland Venture Studio (IVS), Nyra Ventures, and founders of Jar and Bijak, as well as the Managing Partner of Rocketship.vc, participated in the round alongside existing investors Kube VC and Dunzo founder Ankur Agarwal.
Soptle has stated that the funding will be used to expand its network of retailers and manufacturing partners across India and to introduce new products and technological advancements.
Soptle, a Gurugram-based SaaS-led B2B marketplace for FMCG manufacturers and retailers, was founded in 2021 by Pravas Chandragiri. The platform enables FMCG manufacturers to digitize their workflow and day-to-day activities, making their existing business more efficient, and increasing sales to retailers in other geographies by enhancing their utilization capacity.
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