Get All Access for $5/mo

Fundly.ai Raises $3 Million Seed Funding From Accel The company will utilize the fund raised to revolutionize pharma supply chain financing

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Fintech startup Fundly.ai has raised $3 million in Seed funding. The round was led by Accel India and also saw participation from Multiply Ventures and other angel investors. The company will utilize the fund raised to revolutionize pharma supply chain financing.

"We have partnered with Accel India and Multiply Ventures to drive positive change and revolutionize the industry, enabling retailers and distributors to achieve their full potential. Our strong commitment to customer- centricity, inspires us to continually push boundaries and develop products that cater to the needs of our customers. With this new funding, we are excited to expand our reach and explore untapped markets, bringing our vision of a more efficient and effective pharma supply chain to an even larger demographic," said Amit Chawla, co-founder, Fundly.ai.

With this round of funding, Fundly.ai is also planning various growth initiatives, including deeper engagement with existing customers, expansion into new geographies, building technology, and working on newer product offerings. Their focus is on empowering retailers and distributors with the necessary tools to thrive in the pharma ecosystem, according to an official statement by the company.

"Amit and Shree bring a wealth of experience from their deep lending background. Leveraging this experience, they have been able to identify the gaps and opportunities that exist in the pharma supply chain. While financing serves as an entry point, we are thrilled to see the innovative solutions that the Fundly.ai team plans to bring to retailers, distributors, and other stakeholders," said Sarthak Singh, investor, Accel

Founded by Amit Chawla and Shreeram Ramanathan, Fundly.ai is set to redefine supply chain financing in the pharma industry, making credit accessible to those at the lower levels of the supply chain pyramid than ever before.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 24. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Hadrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.

Leadership

As a Leader, Take These 5 Steps to Bridge the Gap Between Innovation and Execution

Companies that want to turn ideas into action must align their people and listen to their customers.

Business News

Macy's CEO Confirms Employee Made Accounting Errors Worth $151 Million, Though Not for 'Personal Gain'

The company announced its third-quarter earnings Wednesday after a delay.

Leadership

How to Master the Art of Delegation — Lessons From Andrew Carnegie's Legacy

Here's what Andrew Carnegie can teach today's entrepreneurs about leadership, teamwork and effective delegation.