Think Investments and Venture Highway lead $6 Mn Series A round in O4S

O4S, an IoT SaaS startup, has raised $6 million in its Series A round led by Think Investments with participation from existing investor Venture Highway.

O4S had raised a total of $3.5 million in various investment rounds backed by Venture Highway and angel investors.

According to the Gurugram-based startup, the funds will be used to ramp up its operations across North America and Southeast Asia and to expand its customer base to over 500 and headcount to above 200.

Founded in 2017 by Divay Kumar and Shreyans Sipani, O4S helps FMCG and manufacturing companies such as ITC, Coca Cola, Honeywell, AkzoNobel, and Mondelez, among others, digitise and automate the supply chain across manufacturing, warehouses, and retail networks to increase sales and performance.

The startup uses new-age technologies like AI, ML, and IoT, with the core supply chain operations to build global supply chain networks for enterprises and has a presence in over 15 countries, including the UAE, Vietnam, Indonesia, Singapore, and Malaysia.