About Increff
Increff is a company based in Bengaluru (India) founded in 2016 by Vishal Raj, Rajul Jain, Romil Jain, and Anshuman Agarwal.. Increff has raised $17.1 million across 3 funding rounds from investors including GreyOrange, TVS Capital Funds and Premji Invest. The company has 257 employees as of April 10, 2024. Increff offers products and services including Merchandising Software, Warehouse Management System (WMS), Order Management System (OMS), Ship from Store (SFS), and Cloud Warehousing (CWAS). Increff operates in a competitive market with competitors including Shiprocket, Cegid, Shippo, Sorted and ShipBob, among others.
- Headquarter Bengaluru, India
- Employees 257 as on 10 Apr, 2024
- Founders Vishal Raj, Rajul Jain, Romil Jain, Anshuman Agarwal
- Stage Minicorn
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Sectors
TechnologyRetail Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Nextscm Solutions Private Limited
- Date of Incorporation 23 Aug, 2016
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$10.66 M (USD)96.55as on Mar 31, 2023
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Net Profit
$-5.78 M (USD)-1578.1as on Mar 31, 2023
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EBITDA
$-5.86 M (USD)-2461.52as on Mar 31, 2023
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Total Equity Funding
$17.1 M (USD)
in 3 rounds
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Latest Funding Round
$12 M (USD), Series B
Feb 11, 2022
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Investors
GreyOrange
& 19 more
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Employee Count
257
as on Apr 10, 2024
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Products & Services of Increff
Increff offers a comprehensive portfolio of products and services, including Merchandising Software, Warehouse Management System (WMS), Order Management System (OMS), Ship from Store (SFS), and Cloud Warehousing (CWAS). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for accurate merchandising planning and retail optimization.
System for efficient warehouse operations and order fulfillment.
Platform for managing orders across multiple sales channels.
Service for selling store inventory through online channels.
Outsourced warehousing with no upfront costs for e-commerce.
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Funding Insights of Increff
Increff has successfully raised a total of $17.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $12.0M
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First Round
First Round
(02 Jan 2017)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Increff | Valuation | TVS Capital Funds , Premji Invest | |
| Jan, 2019 | Amount | Series A - Increff | Valuation | Binny Bansal , 021 Capital | |
| Jan, 2017 | Amount | Seed - Increff | Valuation | Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Increff
Increff has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include GreyOrange, TVS Capital Funds and Premji Invest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment in growth equity and insurtech sectors in India.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Early-stage venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Increff
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Increff
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Increff Comparisons
Competitors of Increff
Increff operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shiprocket, Cegid, Shippo, Sorted and ShipBob, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
Suite solutions for offline retail businesses are provided by Cegid.
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| domain | founded_year | HQ Location |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
E-commerce shipping operations are managed via SaaS platform.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
Tech-enabled fulfillment services are provided to e-commerce businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Increff
Frequently Asked Questions about Increff
When was Increff founded?
Increff was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Increff located?
Increff is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Increff a funded company?
Increff is a funded company, having raised a total of $17.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Jan 02, 2017.
How many employees does Increff have?
As of Apr 10, 2024, the latest employee count at Increff is 257.
What is the annual revenue of Increff?
Annual revenue of Increff is $10.66M as on Mar 31, 2023.
What does Increff do?
Increff was founded in 2016 and is based in Bengaluru, India. A tech platform is operated to support fashion brands with merchandising and omnichannel retailing. Inventory management, order management, returns management, and cloud warehousing services are provided. Operations focus on streamlining retail processes across channels in the fashion sector.
Who are the top competitors of Increff?
Increff's top competitors include Shiprocket, Shippo and Cegid.
What products or services does Increff offer?
Increff offers Merchandising Software, Warehouse Management System (WMS), Order Management System (OMS), Ship from Store (SFS), and Cloud Warehousing (CWAS).
Who are Increff's investors?
Increff has 20 investors. Key investors include GreyOrange, TVS Capital Funds, Premji Invest, 021 Capital, and Prem Gupta.
What is Increff's valuation?
The valuation of Increff is $82.01M as of Feb 2022.
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