In an early fundraising round headed by Mumbai-based IvyCap Ventures, NymbleUp, an AI-based SaaS startup for operations optimization and staff training, reported that it had raised Rs 3 crore.
NymbleUp will use the funds to hire talent and industry experts. NymbleUp wants to improve its technology to deepen current products and provide best-in-class user experience across all stakeholder interactions. The funds will also expand into the US and South East Asia markets, as per reported by BW Disrupt.
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Yogesh Bhatt, Manish Thakur, and Alhad Pofali founded NymbleUp with the goal of revolutionising the retail sector by leveraging artificial intelligence to automate key decision-making processes in retail operations.
Talking about their plan to utilise the raised fund, Yogesh Bhatt, CEO of NymbleUp, said, “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.”
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NymbleUp is a team of engineers with hands-on experience in retail and technology. Since starting its operations in 2019, they are working with some of the most recognised retail brands globally.
Speaking about the investment, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors, said “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.”
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About NymbleUp
An AI-powered application called NymbleUp assists shops in increasing profitability by creating demand and optimizing staffing and inventory. For the retail sector, NymbleUp offers Predictive Workforce Scheduling and Resource Planning solutions.
