AI SaaS Startup NymbleUP raises Rs 3 cr in seed funding led by IvyCap Ventures
NymbleUp, a Mumbai-based, AI-based SaaS platform for operations automation and workforce management, has raised INR 3 crore in a seed fundraising round headed by IvyCap Ventures. A notable business leader also took part in the round.
The fresh funds will help NymbleUp expand its workforce by allowing them to bring on talent and sector experience. NymbleUp also intends to improve its technology in order to penetrate deeper into existing products, with an emphasis on providing best-in-class user experience across all stakeholder touchpoints. The cash will also be utilized to make inroads into the markets of the United States and Southeast Asia.
Yogesh Bhatt, Manish Thakur, and Alhad Pofali, a team of engineers with practical experience in technology and retail, founded NymbleUp with the goal of revolutionizing the retail sector by employing artificial intelligence to automate decision-making in critical areas of retail operations.
The platform aids in controlling labor costs while guaranteeing that customer satisfaction and legal requirements are met. NymbleUp also provides services for automating audits, expiry management, and store operations.
“This seed funding will enable us to accelerate the growth of NymbleUp, expand our team and explore new markets. Our goal is to become the leading B2B SAAS platform, helping businesses improve their efficiency and productivity across their operations,” says Yogesh Bhatt, CEO of NymbleUp.
“Post-COVID, resource management in retail outlets has become one of the most complex issues in India and Globally. NymbleUp uses its advanced AI-based forecasting to provide services to improve efficiency in the operations and management of resources in retail outlets,” Vikram Gupta, Founder and Managing Partner at IvyCap Ventures Advisors, said.
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