An INR 6 Crore Pre-Series A investment round in Centriti, a HoReCa distribution company with operations in Delhi, Jaipur, and Bangalore, was headed by Ev2 Ventures, a venture capital fund with a focus on sustainable mobility and the climate. The investment round was enthusiastically participated in by Brigade REAP, HOF Profectus & CoralBay Ventures, Alluviam Capital, and Atrium Angels.

An INR 6 Crore Pre-Series A investment round in Centriti, a HoReCa distribution company with operations in Delhi, Jaipur, and Bangalore, was headed by Ev2 Ventures, a venture capital fund with a focus on sustainable mobility and the climate. The investment round was enthusiastically participated in by Brigade REAP, HOF Profectus & CoralBay Ventures, Alluviam Capital, and Atrium Angels.

With an estimated value of $78 billion, the Indian organized hospitality business is a major contributor to the nation's GDP, with the HoReCa sector accounting for 7% of this growth. The HoReCa industry, which includes almost 7 million restaurants, 53,000 hotels, and 34,000 cafes, has a $4 billion supply chain potential.

"As an impact focused mobility fund, enabling supply chain efficiencies is paramount to our investment thesis," stated Karan Mittal, General Partner at Ev2 Ventures. With its end-to-end platform for hotel and restaurant procurement and its creative use of AI, Centriti's approach to HoReCa offers a comprehensive solution that has the potential to completely transform mid-mile logistics and distribution in the industry.

This investment is a result of our team's perseverance and hard work, and it will allow us to completely transform the hospitality industry's procurement systems by offering creative ways to improve productivity and streamline procedures. With this support, we are positioned to provide our partners and clients with unmatched value. In just two years, we have made a major effect in the regions we are present in. said Daljeet Singh, Centriti's founder.

We see a big possibility for supply chain solutions and procurement systems to be developed for Indian hotel and restaurant companies. We found that Centriti distinguished themselves by utilizing technology to solve important problems and increase cost savings on both the customer and supplier sides. The ISB alumni fund that invests in early-stage enterprises is called Atrium Angels.

"Centriti is on a mission to leverage technology to address a persistent issue in the HoReCa industry. We have great confidence in the company's ability to develop due to the founders' unwavering focus on execution quality and tech-first approach to the problem description. Capital Alluviam

brigade We are excited to be a part of Centriti's pre-Series A phase. Their goal of introducing innovation and efficiency to the hospitality supply chain excites us. Their innovative, technology- and AI-driven approach to HoReCa distribution is a natural fit with REAP's objective to promote advances in UrbanTech. – Abhay Garg, Brigade's Head & Chief Mentor

With its cutting-edge platform, Centriti demonstrates an active approach by streamlining and streamlining procedures in the HoReCa industry. It effectively closes the gap between suppliers and hospitality partners by streamlining transactions, deliveries, and inventory management. This innovation increases our faith in Centriti and our aspirations for the future. — HOF Profectus & CoralBay Ventures

Established in 2022, Centriti provides a state-of-the-art, technology-driven end-to-end procurement solution designed exclusively for the HoReCa industry. With the help of AI-driven integrated inventory software, Centriti offers a comprehensive B2B SaaS e-procurement platform by utilizing mid-mile logistics and storage solutions.

Large hotel chains especially benefit from Centriti's tech-powered single-basket supplier service, which effectively handles procurement needs with real-time inventory monitoring. Centriti, meantime, improves the overall efficiency of the supply chain for brands by guaranteeing product purity, timely delivery, and control over secondary sales.