SaaS (software-as-a-service) platform NimbleS2P has raised Rs 4 crore in a Pre-Series A round led by Inflection Point Ventures (IPV). The round also saw participation from other micro-venture catalysts and angel investors. The company will utilise these newly generated funds for sales, marketing, partner relations, and product development.
Bengaluru-based NimbleS2P aims to automate complex workflows related to finance, accounting, and procurement. The platform claims to integrate and complement large ERP software such as SAP, Oracle, Microsoft Dynamics, and others to deliver cost-effective digitisation of business processes for the sectors like manufacturing and real estate.
According to a company statement, it currently caters to customers like DLF, Jindal Steel & Power, Oberoi Realty, and others.
Addressing the latest development, Ankur Mittal, co-founder, of Inflection Point Ventures, said, “MSMEs are the backbone of the economy as they contribute nearly 30 per cent to the GDP. However, critical sectors like manufacturing, power and infra have remained largely untouched by digital transformation owing to a lack of tailormade platforms for them.”
“NimbleS2P allows them to leverage their product to make an efficient and structural model and organise their workflow. This market is huge (both in India and internationally) with visible benefits (both cost and time) to the clients at an early stage that should support stickiness and adoption. The founders have deep experience in the space and can build a scalable and profitable businesses. This encouraged us to make an investment in the company,” he added.
Chandresh Sharma, the CEO of NimbleS2P, said, "Our vision is to revolutionise supplier-buyer interaction through a fully-automated platform. In the next 2 to 3 years, we aim to establish a strong foundation and attract over 200,000 users, expanding our growth story from India to the Middle East, and South Asia. In fact, we are confident that our partnership with IPV will be instrumental in driving significant value for our stakeholders and help us create a connected, automated, and well-networked supply chain."
