Centriti is a B2B e-procurement platform that secured Rs 6 crore in its pre-series A funding round. This round was led by Emergent India Ventures and participated in by various investors, including Alluvium Capital, HOF, Atrium Angels, Venture Garage, CoralBay Ventures, and Brigade Group. The startup plans to use these fresh proceeds to advance its technology, reduce service time, scale up operations, enhance AI capabilities, and expand its network. We are disscusing the B2B startup Centriti secured Rs 6 crore in its pre-series A funding round led by Emergent India Ventures.
We are disscusing the B2B startup Centriti secured Rs 6 crore in its pre-series A funding round led by Emergent India Ventures:
The startup makes hotel procurement easier by leveraging technologies and creating a platform to predict inventory holding costs and minimize losses. The company designs and manages the supply chains in India, Europe, and Southeast Asia. The firm relies on AI-based predictive demand planning solutions and quality checking to ease hotel procurement problems. The company offers warehousing, logistics, and AI-based inventory management solutions to help hotels and restaurants minimize waste and reduce costs while improving the efficiency of their operations. These solutions allow the restaurant to eliminate pilferage and save around 15 percent.
The B2B platform Centriti offers in-house integrated inventory software that automates inventory tracking while providing forecasts and insight analysis to help businesses make decisions. The firm eliminates all inefficiencies in managing minimal technological integration and multiple suppliers. The startup enhances the reliability and efficiency of the hospitality businesses. The startup will use some of this fund to fuel the growth of its business, market expansion, and to meet general corporate expenses. The investment shows investors’ trust in Centriti’s market potential and business model.
The startup currently operates in Bengaluru, Delhi, and Jaipur. However, in the next two years, the company will expand its network across India in various cities, including Hyderabad, Goa, Chennai, and Kochi. The startup has collaborated with multiple hospitals, including Oberoi Hotels, Taj Hotels, Barbeque Nation, Accor Group, and Chai Point. Centriti faces direct competition from other procurement companies such as PetPooja, POSist, SupplyNote, SlickPOS, and EagleOwl. This investment will benefit both parties and provide a range of innovative services for the procurement sector in India.
Conclusion
Centriti is an e-procurement platform for hotels, catering, and restaurants. This B2B startup secured Rs 6 crore in its pre-series A funding round from Emergent India Ventures and other investors, including Alluvium Capital, HOF, Atrium Angels, Venture Garage, CoralBay Ventures, and Brigade Group. The company intends to use this fresh capital to reduce service time, scale up operations, enhance AI capabilities, and expand its network globally.
The startup aims to simplify hotel procurement by using advanced technologies and developing a platform to minimize losses and offer predictions. The firm eliminates all inefficiencies in managing minimal technological integration and multiple suppliers. The platform enhances the reliability and efficiency of the hospitality businesses. This Delhi-based startup plans to extend its services to Hyderabad, Goa, Chennai, and Kochi regions in the next two years. Centriti currently operates in Bengaluru, Delhi, and Jaipur.
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