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SaaS platform NimbleS2P has raised ₹4 crore in a Pre-Collection A spherical led by Inflection Level Ventures. The spherical additionally noticed participation from different micro-venture catalysts and angel buyers.
The funds raised will likely be used for gross sales, advertising, companion relations, and product growth.
NimbleS2P is an answer that goals to automate complicated workflows associated to finance, accounting, and procurement.
The platform is designed to simply combine and complement massive ERP software program resembling SAP, Oracle, Microsoft Dynamics, and others to ship cost-effective digitisation of enterprise processes in manufacturing and actual property sectors.
Additionally learn: GetWork raises ₹7 crores in Pre-Collection A spherical
Provider administration, PO and bill processing, and contract administration are among the many platform modules. The corporate at the moment caters to over 15 prospects, together with DLF, Jindal Metal and Energy, and Oberoi Realty, amongst others.
Ankur Mittal, Co-Founder, Inflection Level Ventures stated essential sectors resembling manufacturing, energy, and infra have remained largely untouched from digital transformation owing to lack of tailormade platforms.
NimbleS2P permits them to leverage their product to make an environment friendly and structural mannequin and organise their workflow. It creates over 60 per cent value financial savings in source-to-pay for enterprises and unleashes community results inside weeks.
Chandresh Sharma, CEO, NimbleS2P, stated the corporate goals to determine a powerful basis and entice over two lakh customers, increasing development story from India to the Center East, and South-Asia in two to 3 years.
The present international provide chain market dimension is estimated at over $6 billion, and it’s rising at a constant charge of seven per cent CAGR to the touch $13 billion by 2032 and direct potential in India is estimated at over $750 million.
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Moreover, the Southeast Asia and Center East areas even have a direct potential of over $2 billion, making it a profitable alternative for companies in these areas.
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