Increff raises $12 Million in Funding to expand business

Increff, a company that provides supply chain services for e-commerce, fashion, and retail brands, has raised $12 million in a funding round with the participation of TVS Capital Funds, Premji Invest, and Flipkart co-founder Binny Bansal.

Increff, a software as a service specialist, will use funds to set up offices, build teams in the USA and Europe to connect products and services. The funding round saw participation from six existing angel investors.

Increff offers a host of SaaS-based business solutions and smart warehousing solutions. A press statement from the company said that it is "well in resolving the challenges" of customers for more than 10 retail verticals. Gaurav Sekhri, Principal, TVS Capital Funds has said that the company is driven by innovative ideas and supports next-gen entrepreneurs.