Centriti, a B2B company providing an online procurement platform (SaaS) for the hotel, restaurant, and catering (HoReCa) industry, secured INR 6 crore in a pre-Series A funding round. Emergent India Ventures (EV2) led the investment, with participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group. This funding round will fuel Centriti’s growth in the HoReCa e-procurement space.
Speaking on the funding, Daljeet Singh, founder & CEO of Centriti, said, “This investment is a testament to the hard work and dedication of our team and will enable us to revolutionize procurement systems in the hospitality industry at scale. Within two years, we have been able to create a significant impact in the geographies we operate in. With this support, we are poised to deliver unparalleled value to our partners and customers.”
Centriti uses cutting-edge technology, including smart warehouses, advanced logistics, and AI-powered inventory management, to significantly boost hotels and restaurants. This translates to reduced costs, less waste, and smoother overall operations. Centriti’s clever AI software tracks inventory automatically, even suggesting what needs restocking and when. It also provides valuable data and forecasts so businesses can make smart choices.
The funding they secured will help the firm level up their tech even further. This means faster service for their clients and expansion into new areas. Speaking of clients, Centriti already works with big names in hospitality, like Taj Hotels, Oberoi Hotels, and Accor Group. Popular chains like Barbeque Nation and Chai Point rely on them, too. Currently serving Delhi, Bengaluru, and Jaipur, Centriti has ambitious plans to reach Goa, Hyderabad, Kochi, and Chennai within the next two years.
Karan Mittal, general partner at Ev2 Ventures, commented, “As an impact-focused mobility fund, enabling supply chain efficiencies is paramount to our investment thesis. While leveraging AI, Centriti’s innovative approach in providing a holistic solution for the HoReCa industry through its end-to-end procurement platform has immense potential to revolutionize distribution and mid-mile logistics across the sector.”
