B2B cloud-based supply chain marketplace India Index has secured $500K in its seed funding round led by a group of private investors from the United States and India. Robert Lansing (Westminster Capital), Vaaman Sehgal (Motherson Group), Parth Jindal (JSW Group), and other private investors participated in the pre-seed round.
Samir N. Kapadia founded India Index, which employs a cost-effective approach to help American buyers and Indian suppliers search, filter and vet supply chain partners.
The company claims to have built an extensive user network across India and the United States since its launch. Several of India’s largest enterprises, including JSW Group and Bharat Forge Limited, employ the India Index to capture export opportunities in the U.S. market.
Startups and corporates use the platform to search and evaluate supply chain partners, highlight their corporate values, and optimize business partnerships for greater profitability.
India Index will develop capacities to optimize the platform with the funds it raised, going beyond search, evaluation, document review, and workflow management solutions, India Index’s founder and CEO, Samir Kapadia, said.