SuperProcure, a business located in Kolkata, has received funding from Caret Capital, a sustainability fund that makes investments in Mobility, Distribution, and Employment.
SuperProcure provides enterprises with instant digitisation of their current manual transport management process.
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According to Prajakt Raut and Pankaj Bansal, Co-founders and Managing Partners of Caret Capital, “Logistics process automation is a source of competitive advantage for enterprises. Companies recognise that traditional methods of managing enterprise transport requirements are just not relevant for today’s market dynamics and are fast adopting TMS. Given this, SuperProcure’s value proposition has strong tailwinds. They have several large marquee enterprises as their clients, which they have won despite competition from some of the most popular TMS systems globally.”
It began as a freight e-negotiation tool and has now developed into an end-to-end supply chain and logistics platform that helps shippers digitise their labor-intensive manual transport management procedure.
Founders Anup Agarwal, Manisha Sharaf and Varun Biyani stated that, “We are in a Digital Economy. People expect orders to be delivered faster and at the best price. Today enterprise success & customer service is directly tied to efficiency in logistics management and real time collaboration across the supply chain. SuperProcure has been playing a critical role in empowering manufacturing organisations with technology to optimise logistics processes. Caret Capital & Lumis Labs are thought leaders in the supply chain and we are very happy to have them as our investors and guide in this journey.This is a validation of the team’s effort and our belief that TMS adoption can help optimize ~15% of logistics spent for enterprises. in India alone the potential saving is 1% of India GDP ~ $30billion.”
About SuperProcure
Founded in July 2017 by Anup Agarwal and Manisha Sharaf, SuperProcure is a real-time Transport Management System (TMS) and collaborative platform for manufacturing and infrastructure companies.
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