Start-up Soptle raises funds for expansion

September 01, 2022 10:23 pm | Updated 10:23 pm IST - Mumbai

Soptle, a B2B retail commerce platform, said it had raised an undisclosed amount of fund in the angel round led by Soonicorn LLP and a clutch of executives from the logistics sector.

The start-up said it helps consumer goods companies distribute products through its network of over 15,000 retailers across the country and has about 400 distributors and 60 manufacturers on its platform.

“We have a unique distribution approach to building India’s largest FMCG distribution SaaS platform that activates critical connections between FMCG manufacturers and distributors/wholesale as well as retailers,” said Pravas Chandragiri, founder & CEO, Soptle.

“It also enables FMCG manufacturers to supply products to millions of retailers all over India, creating powerful, positive change for these stakeholders,” he added.

The funds raised will be used to expand the firm’s distribution network across the country, scale product capabilities and to hire more people.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.