[Funding alert] Fintech Startup Quid Secures Rs 5 Cr Pre-seed Round Funding

The supply chain fintech firm QuiD has raised Rs 5 crore in pre-seed capital from Stone Park Capital and Mint Cap Enterprises.

In their respective capacities, angel investors Sushant Kumar of Omidyar Network, India, and others took part in this round.

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“The funds raised will be primarily deployed to strengthen and scale tech capabilities and to deepen engagement with current clients and partner lenders. The vision is to leverage technology, data science, and block chain to help anchor and retailer community get better access to credit at invoice level” said Subhash Gupta, Co-founder, QuiD.

QuID empowers businesses with a 0% interest B2B BNPL-based working capital solution.

Through strong technological integration, QuiD collaborates with participants in both the digital and physical e-commerce markets to provide smooth, tailored funding from QuiD's partner financiers.

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About QuiD

Founded by Subhash Gupta and Vikram A G, QuiD is a cutting-edge B2B supply chain FinTech marketplace platform designed to support distributors, retailers, manufacturers, D2C brands, and NBFC/Banks.