Sequoia-backed Increff scoops up $12 Mn in Series B

Saas startup Increff has raised $12 million in its Series B funding round led by TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital.

The Bengaluru-based startup will use the capital to set up offices and strengthen its teams in the United States and Europe, and to expand its product offering and services.

In 2016, it raised a seed round of $2 million from Sequoia Capital and a clutch of angel investors. In 2019, it got Series A funding of $3 million from 021 Capital and Binny Bansal.

Founded in 2016 by Rajul Jain, Anshuman Agarwal and Romil Jain, Increff  offers a host of software-as-a-service-based industry-agnostic merchandising solutions and smart warehousing solutions. 

Currently, the startup operates from India and the Middle East and are looking to expand to the US and Europe. 

Increff counts brands such as Puma, Adidas, Bata, Levi’s, Pepe, Celio, Gap, Benetton, Tommy Hilfiger, Mango, CK, Louis Philippe, Van Heusen, Jack & Jones, Namshi, Aramex, Sephora, Amazon among others as clients.