Monday, September 26, 2022
HomeInsightFunding Alert Logistics startup Omnivio raises $400K in funding

[Funding alert] Logistics startup Omnivio raises $400K in funding

[Funding alert] Logistics startup Omnivio raises $400K in funding

Omnivio, an ecommerce and omni-logistics platform has raised $400,000 in an angel funding round from Supermorpheus, Dexter Angels and 91 Ventures.

Other investors including Kushal Nahata & Gautam Kumar (Co-founders, FarEye), Pranay Gupta ( 91 Springboard, 91 Ventures), Mihin Shah (ex-Chief Supply Chain Officer, Landmark Group), Gaurang Jhunjhunwala (Partner, Mckinsey Dubai), Deepak Jain (Partner, Bain), and Ashish Chitravanshi (Supply Chain Leader, ex-Myntra, Flipkart, Snapdeal) among others, also participated in this round.

The startup plans to use the funds to build best-in-class control tower products and enhance its technology infrastructure that will provide an easier and faster onboarding experience for customers. It will also invest in building partnerships and an experienced team.

Read also – [Funding alert] Tiger Global-Backed Bizongo raises $25 mn in funding

Noida-based Omnivio was founded in August 2021 by Sidhartha Bhimania and Anuj Jain, It is a control tower-supported logistics marketplace that connects retail enterprises and logistics providers.

With a single approach to omni-operations (SVOO) and real-time actionable analytics, the startup helps companies and retailers deliver great customer experiences.

“We are overjoyed to welcome 91 Ventures, Supermorpheus, and Dexter Angels as strategic investors in Omnivio. With this investment, we will be able to improve the efficiency of our control tower and develop deeper product features to address the most urgent supply chain visibility and logistical control concerns facing our clients. We want to scale up swiftly and increase our customer base by five times by the end of this fiscal year with the help of the correct mentorship and advice from seasoned angels”, said, Sidhartha Kumar Bhimania, co-founder of Omnivio.

“We think that D2C firms will continue to grow and scale in India, along with smaller marketplaces like Amazon and Flipkart, in addition to the larger ones. They may continue to concentrate on developing their brands and acquiring customers by using Omnivio’s technology and delegating the labour-intensive tasks to Omnivio. We appreciate the team’s drive and commercial acumen”, said, Sameer Guglani, co-founder of Supermorpheus.

Read also – [Funding alert] Incluzon raises bridge funding from ah! Ventures

About Omnivio

Omnivio is an ecommerce and Omni-Logistics platform, for enterprises.

They provide full Supply Chain visibility, flexibility and own logistics like control, through an asset lite regional logistics network.

RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -
Newsletter

Subscribe to our weekly newsletter and don't forget to check out the latest updates.