B2B Supply Chain Marketplace India Index Raises $500K In Pre-seed Round
India Index (The India Index LLC), a B2B supply chain marketplace, has raised $500,000 in pre-seed funding. The funding round was led by a group of private investors from the United States and India.
Key investors, including Vaaman Sehgal (Motherson Group), Robert Lansing (Westminster Capital, Parth Jindal (JSW Group), and other private investors, also participated in the pre-seed funding round.
India Index | Making Sourcing From India Easy
Founded by Samir N. Kapadia, India Index is a B2B supply chain marketplace that makes sourcing from India easy. It helps American buyers and Indian suppliers search, filter, and vet supply chain partners through a seamless and cost-effective process.
The cloud-based B2B supply chain marketplace is used by startups and Fortune 500s alike, to search and evaluate supply chain partners, highlight their company values, and optimize trade relationships to be more profitable.
Speaking about the development, Samir N. Kapadia, Founder and CEO of India Index, said,
“With India Index, we are committed to increasing visibility, connectivity, and commercial activity between U.S. buyers and Indian suppliers. With the funds, we are building capacities to optimize the platform, going beyond search, evaluation, document review, and workflow management solutions.
As per Samir, India Index is a digital infrastructure company facilitating trade between the world and India at scale. The new tools offered by the platform will allow U.S. buyers to conduct transaction and logistics services on the platform, completing the supply chain journey all in one place, added Samir.
Commenting on the development, Atul Keshap, President of the U.S.-India Business Council, U.S. Chamber of Commerce, and former Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs, highlighted that the economic relationship between the United States and India offers limitless potential to enhance quality of life and drive enduring prosperity in both nations.
Keshap added,
“Samir Kapadia’s work to draw our industries closer than ever before is important, and India Index provides the chance for U.S. firms to connect with Indian partners that seek to build sustainable ties with markets across the Indo-Pacific.”
Earlier this month, a B2B marketplace for chicken and seafood UcliQ raised Rs 70 lakhs from EvolveX Accelerator, a startup accelerator from We Founder Circle (WFC).
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