Supply chain SaaS start-up O4S has raised $6 Million in a Series-A funding round led by Think Investments. Existing investor Venture Highway also participated in the fundraiser. The Gurugram-based company had earlier raised a total of $3.5 Million, led by Venture Highway, and angel investors including Amit Singhal, Subhrakant Panda and Bikram Singh Bedi.
With the fresh capital, O4S plans to ramp up its operations across North America and Southeast Asia, expanding its enterprise customer base to more than 500 and headcount to over 200. Further, the company will also focus on the horizontal expansion of product applications, which will benefit their existing clientele.
The IoT and SaaS-driven platforms help manufacturing companies digitize and automate their supply chains. It is a multi-module SaaS platform for manufacturing companies to enable traceability and automation across manufacturing, warehouses, and retail networks to increase sales and performance. The solution optimizes downstream supply chain operation. It helps bring manufacturers, warehouses, distributors, retailers, and consumers on a single mobile app-based platform to facilitate planning and production.
O4S co-founder Divay Kumar said that its platforms are developed to resolve persisting supply-chain challenges and lack of visibility in distribution. “2020 has been a crucial year due to the impact of COVID-19 on manufacturing supply chains. The latter had been an eye-opener and compelled leaders to work towards bringing more visibility & digitization into supply chain processes, which meant more opportunities for us,” he said.