VG Angels participates in INR 6cr Pre-Series A Investment Round of Centriti

New Delhi, May 23, 2024 – Venture Garage’s portfolio startup Centriti, has successfully secured INR 6Cr in its Pre-Series A round of funding from EV2 Ventures, Brigade Family Office, VG-Angels, and some other angel investors. This investment includes contributions from VG’s partner Pawan Raj Kumar, who leads the investments at VG-Angels has also been a mentor to the startup for the past years. With a target to disentangle the supply chain network, Centriti provides an end-to-end e-procurement solution for the HoReCa (Hotels, Restaurants and Catering) sector, managing inventory, quality, storage and pricing for the hotels.

Founded in 2022, by Daljeet Singh and Ashwath Ram, Centriti has achieved remarkable traction within just 20 months of its inception, boasting a prestigious clientele that includes Leela, Taj, Oberoi, Marriott, ITC, Shangri-La among others, by providing a comprehensive B2B SaaS e-procurement platform, empowered by AI-driven integrated inventory software.

“This investment is a testament to the hard work and dedication of our team, and it will enable us to revolutionize the procurement systems in the hospitality industry by providing innovative solutions to streamline processes and enhance efficiency. Within a short span of two years we have been able to create a significant impact in the geographies we are present in, with this support, we are poised to deliver unparalleled value to our partners and customers.”

-Daljeet Singh, Founder & CEO at Centriti

“Being deeply engaged in the tech landscape, I’ve observed the rapid advancements within the supply chain sector, and Centriti is at the forefront of this transformation. Supply chain innovations are crucial for enhancing efficiency, reducing costs, and increasing resilience across various industries. Looking ahead, the Indian supply chain market is poised for significant growth, with projections indicating it will expand from $2.3 billion in 2022 to $12 billion by 2030. This growth trajectory underscores the critical role companies like Centriti will play in revolutionizing India’s supply chain landscape, driving efficiency, and fostering economic growth.”

–Pawan Raj Kumar, Partner at Venture Garage

Centriti would use the funds primarily to expand its warehouses from 3 to 7 locations, with the main focus on expanding to 2,000 SKUs; including non-food and F&B essentials. Additionally, these funds will be invested in technology to leverage operational efficiencies.

Read more about Centriti here: https://venturegarage.in//centriti/