Bengaluru-based B2B supply chain fintech startup QuiD raises Rs 5Cr

Bengaluru-based B2B supply chain fintech startup QuiD has raised Rs 5 crore in a pre-seed funding round led by Mint Cap Enterprises and Stone Park Capital, with notable angel investors like Sushant Kumar of Omidyar Network participating in their individual capacities. 

Enhancing tech and client connections

The startup plans to use the raised capital to significantly enhance and expand its technological capabilities and deepen its engagement with current clients and partner lenders.

Abhishek Pandey of Stone Park Capital said, “Supply Chain financing as a market is around Rs 20-lakh crore as per RBI report 2023 and with zero per cent interest BNPL as first step product, QuiD is better placed to offer analytics-based product financing innovation to suit the working capital needs of businesses.”

Focusing on anchor-led financing

Founded by Vikram A G and Subhash Gupta, QuiD introduces a tech-driven financial float as a product strategy, focusing on anchor-led financing for retailers. The startup said this approach is designed to unlock working capital for various stakeholders in the supply chain, including anchors, distributors, D2C brands, and manufacturers, thereby boosting their sales and margins.

Notably, Its proprietary and engineered finance products have already started to reshape the way working capital support is extended to retailers, as per the company's statement. 

Partnering with offline and online ecommerce marketplace

The startup is also forging strategic partnerships with both offline and online eCommerce marketplace players. Through deep tech integration, QuiD enables seamless, customized financing from its partner lenders. 

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