Saas startup Increff has raised $12 million in its Series B funding round led by TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital.
The Bengaluru-based startup will use the capital to set up offices and strengthen its teams in the United States and Europe and expand its product offering and services.
In 2016, it raised a seed round of $2 million from Sequoia Capital and a clutch of angel investors. In 2019, it got Series A funding of $3 million from 021 Capital and Binny Bansal.
Founded in 2016 by Rajul Jain, Anshuman Agarwal, and Romil Jain, Increff offers a host of software-as-a-service-based industry-agnostic merchandising solutions and smart warehousing solutions.