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NEW DELHI: O4S has raised $6 million in a Collection-A funding spherical led by Suppose Investments. Current investor Enterprise Freeway additionally participated within the spherical. The corporate had earlier raised a complete of $3.5 million in numerous rounds of investments backed by Enterprise Freeway, and angel buyers together with Amit Singhal, Subhrakant Panda and Bikram Singh Bedi.
Based in 2017 by Divay Kumar and Shreyans Sipani, O4S helps manufacturing corporations like ITC, Coca Cola, Honeywell, AkzoNobel, Mondelez amongst others convey visibility and automation of their provide chains utilizing O4S enterprise SaaS platform.
The IoT and SaaS-driven platform helps manufacturing corporations to digitize and automate the provision chain. It’s a multi-module SaaS platform for manufacturing corporations to allow traceability and automation throughout manufacturing, warehouses, and retail networks to extend gross sales and efficiency. The answer optimizes downstream provide chain operation. It helps convey producers, warehouses, distributors, retailers, and customers on a single cell app-based platform to facilitate planning and manufacturing. The platform {couples}’ applied sciences like AI, ML, and IoT with the core provide chain operations to construct world provide chain networks for the enterprises.
“Within the final three years we’ve got labored with greater than 50 massive shopper manufacturers coming from varied industries and understood their ache factors effectively. O4S’s platforms are developed to resolve persisting provide chain challenges and lack of visibility in distribution. 2020 has been an important 12 months because of the influence of COVID19 on manufacturing provide chains. The latter had been an eye-opener and compelled leaders to work in direction of bringing extra visibility and digitization into provide chain processes which meant extra alternatives for us.” stated Divay Kumar, in an announcement.
O4S’s co-founders had been lately acknowledged in Forbes underneath 30 Asian Entrepreneurs for his or her Enterprise Answer. With the present funding, O4S is planning to ramp up its operations throughout North America and Southeast Asia increasing its enterprise buyer base to 500. Numerous focus will likely be on horizontal growth of merchandise utility which is able to profit their current clientele too.
In an announcement, Shashin Shah, Managing Companion at Suppose Investments stated, “A key studying from the COVID-19 pandemic is the necessity to enhance provide chains around the globe, and firms like O4S are main on this effort.”
“The Provide Chain Traceability and Automation market is projected to succeed in $7.3 billion by 2026; O4S has a chance to develop into a pacesetter on this vertical.” stated Samir Sood, Founder, Enterprise Freeway, in an announcement.
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