Exclusive: Morning Cart Founder’s RePut.ai Bags Funding To Provide Supply Chain Management Solutions
Summary
BigBasket-acquired grocery delivery platform Morning Carts cofounder Anuj Bishnois new B2B SaaS venture RePut.ai has emerged out of stealth mode and raised close to $1 Mn (INR 8.6 Cr) as a part of its Pre-seed funding round led by GrowthCap Ventures.The round also saw participation from multiple angel investors, including BigBasket cofounder Vipul Parekh, TableSprints Abhijeet Kumar and Deloitte India partner Vishal Jain among others.The Bengaluru-based startup plans to deploy the freshly raised capital to shore up its tech stack, hire more and expand its footprint globally.Founded in April 2024 by Bishnoi, Rohit Mahatma and Amit Bishnoi, RePut.ai is a B2B SaaS platform that leverages AI and blockchain to offer supply chain management solutions for businesses. The startups offerings enable companies to track product procurement, gauge real-time analytics, monitor supplier watchlist, among others.RePut.ais unique selling proposition (USP) also lies in helping businesses track carbon emissions across the supply chain. In addition, the Bengaluru-based SaaS startup also offers a verified recycling network.GrowthCap Ventures founder and general partner Pratekk Agarwaal said, RePut.ai stands at the forefront of climate tech innovation,tackling some of the most pressing challenges of our time. Their pioneering SaaS platform redefines supply chain transparency, enabling brands to seamlessly align profitability with sustainability, Bishnoi has founded his new startup at a time when more and more seasoned entrepreneurs are floating their new venture. In the same month, upGrads cofounder and managing director Mayank Kumar also stepped down from his executive role at the edtech unicorn to launch a new venture.Notably, RePut.ai has also raised capital at a time when Indias SaaS ecosystem is getting a lot of traction from the investors on the back of the AI revolution.For instance, in November, AI SaaS startup Ennoventure secured $8.9 Mn in a Series A round led by Tanglin Venture Partners.