Vinculum Group, a Noida, India-based omnichannel retail SaaS solution, closed the first tranche of its Series C funding which consists of a mix of equity and debt financing.
The round was led by logistics services provider, Delhivery as the anchor corporate investor, with participation from early investor Accel Partners. Recur Club provided debt financing as part of the funding.
In addition to the external funding, the founders of Vinculum Group have increased their stake in the company, demonstrating their commitment to the long-term success and prospects of the company.
This Series C funding provides a solid foundation for Vinculum's ambitious expansion strategy and reinforces its growth objectives on a global scale.
Vinculum Group also aims to attract and retain top talent by significantly expanding its Employee Stock Ownership Plan (ESOP) pool. By enhancing the ESOP Pool, Vinculum Group seeks to attract growth-oriented team members who align with the company's values and vision.
The company also plans to establish strategic locations to bring its services closer to customers, ensuring a seamless and personalized experience for clients worldwide.
"We are thrilled with the successful completion of the first tranche of our Series C round," stated Venkat Nott, CEO of Vinculum Group. "This funding round reaffirms the tremendous potential and allure of SaaS software and the omnichannel retailing sector. With these funds, we aim to make several strategic growth hires, further solidifying our market leadership position. Additionally, we will accelerate our product development efforts, allowing us to deliver unmatched value to our clients worldwide."
Company: Vinculum Solutions Pvt. Ltd.
Raised: Undisclosed
Round: Series C
Funding Month: July 2023
Lead Investors: Delhivery
Additional Investors: Accel Partners and Recur Club
Company Website: https://www.vinculumgroup.com/
Software Category: Omnichannel SaaS Software
About the Company: Founded in 2007 by Venkat Nott, Annajee Nott, and Deepak Singla, Vinculum Group is a global software company that provides omnichannel SaaS software, empowering brands to syndicate product data seamlessly, expand reach through web stores and online marketplaces, and manage orders and inventory across channels. They enable fulfillment from any point in the supply chain and support B2C and B2B marketplace setups. With over 400 satisfied customers, its deep-tech software suite has earned recognition from AWS's Global Supply Chain Competency Cohort and top industry analysts and review sites like Gartner, Forrester, and G2.
Source: https://www.openpr.com/news/3148893/vinculum-group-completes-first-tranche-of-series-c-funding