Centriti, a New Delhi, India-based B2B SaaS e-procurement platform specializing in the hospitality sector, has raised ₹6 crore in a Pre-Series A funding round.
Investors
The round was led by Emergent India Ventures (EV2), with participation from several notable investors including Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group.
EV2 Ventures is a Pre-Series A venture capital fund focusing on India, investing for impact at venture scale across segments such as smart mobility (electric vehicles, logistics technology, micro-mobility), agri supply chain, and warehousing.
Centriti Use of Funds
The company plans to use the funding to enhance its technological capabilities, reduce service times, and expand into new markets. Currently operational in Delhi, Bengaluru, and Jaipur, Centriti aims to extend its presence to Goa, Hyderabad, Kochi, and Chennai over the next two years.
About Centriti
Founded in 2022, Centriti offers a tech-driven procurement system designed to streamline and centralize purchasing processes for hotels, restaurants, and cafés (HoReCa). The company utilizes mid-mile logistics, warehousing, and AI-driven inventory management solutions to improve operational efficiency in hotels and restaurants. Centriti's clientele includes Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point.
Funding Details
Company: Centriti
Raised: ₹6 crore
Round: Seed Round
Funding Month: July 2024
Lead Investors: Emergent India Ventures
Additional Investors:
Company Website: http://centriti.in/
Software Category: B2B SaaS E-procurement
Source: https://startupstorymedia.com/insights-centriti-secures-%E2%82%B96-crore-in-pre-series-a-round-led-by-emergent-india-ventures/