SaaS platform NimbleS2P has raised Rs 4 crore in its pre-Series A round led by Inflection Point Ventures (IPV). The round also saw participation from other micro-venture catalysts and angel investors.
The proceeds will be used for sales, marketing, partner relations, and product development, the company said in a press release.
Founded by Chandresh Sharma and Arun Krishnamoorthy, NimbleS2P is designed to easily integrate and complement large ERP software such as SAP, Oracle, Microsoft Dynamics, and others to deliver cost-effective digitization of business processes for businesses in the manufacturing and real estate sectors.
Supplier management, PO and invoice processing, and contract management are among the platform modules. The company currently caters to over 15 customers, including DLF, Jindal Steel and Power, and Oberoi Realty, among others.
Inflection Point Ventures (IPV) is an angel investing platform with over 7400 CXOs, HNIs, and professionals to together invest in startups. In March 2022, IPV announced $50 million worth CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage startups.