Draft:Increff
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|  |
| Type | Private |
|---|---|
| Industry | Supply chain management software |
| Founded | 2016 |
| Founders | Rajul Jain; Anshuman Agarwal; Romil Jain |
| Headquarters | Bengaluru, India |
Key people | Rajul Jain; Anshuman Agarwal; Vishal Raj |
| Products | Merchandising and inventory software; warehousing and fulfilment software and services |
| Website | www |
Increff is an Indian retail software company that develops software for merchandising, inventory planning, and multichannel fulfilment for retailers and brands.[1][2]
The platform is used by fashion and retail companies to manage demand forecasting, inventory allocation, and order fulfilment across physical stores, warehouses, and e-commerce channels.[2] The software is used to manage inventory and support supply chain operations in the retail sector.
The company has raised venture funding from investors including Sequoia Capital, Binny Bansal, 021 Capital, TVS Capital Funds, and Premji Invest.[1][3][4]
History
Increff was founded in 2016 in Bengaluru by Rajul Jain, Anshuman Agarwal, and Romil Jain. Jain and Agarwal had previously worked at fashion e-commerce company Myntra, while Romil Jain joined the founding team in early 2016. The company was established to address inventory inefficiencies in the fashion retail sector through software-based solutions.[3]
In 2017, NextSCM Solutions Pvt. Ltd., the company operating Increff, raised approximately US$2 million in a seed funding round led by Sequoia Capital.[5][6]
In 2019, the company raised US$3 million in a Series A funding round led by Binny Bansal and 021 Capital.[4]
In February 2022, Increff raised US$12 million in a Series B funding round led by TVS Capital Funds, with participation from Premji Invest and 021 Capital.[1][7]
Romil Jain, one of the company’s co-founders, exited Increff in 2023.[8] Following his exit, Vishal Raj, who had joined the company in its early years and served as chief technology officer, was designated as a co-founder in 2025.[9]
Products and services
Increff develops software used by retailers for merchandising, demand forecasting, inventory planning, and multichannel fulfilment. Its platform includes applications for planning and buying, merchandise financial planning, WSSI/MSSI, assortment planning, inventory allocation and replenishment, and markdown optimisation.[2]
The company also provides software for order management, warehouse management, and store management, along with tools such as label management systems, grid-based inventory systems, cloud-based warehouse services, and vendor inventory management solutions. These applications are used to manage inventory and fulfil orders across retail stores, warehouses, and e-commerce channels.
The company’s software is used by fashion and retail brands to improve inventory visibility and optimise stock allocation across multiple locations and sales channels.
Funding
Increff has raised venture funding across multiple rounds.
The company raised approximately US$2 million in seed funding in 2017 led by Sequoia Capital.[5]
In 2019 it raised US$3 million in a Series A funding round led by Binny Bansal and 021 Capital.[4]
In 2022 the company raised US$12 million in a Series B round led by TVS Capital Funds with participation from Premji Invest and 021 Capital.[1]
References
- ^ a b c d https://economictimes.indiatimes.com/tech/funding/increff-raises-12-million-in-series-b-led-by-tvs-capital-funds/articleshow/89703247.cms
- ^ a b c https://www.techcircle.in/2019/06/14/this-binny-bansal-backed-startup-thinks-it-can-transform-supply-chain-management
- ^ a b https://www.livemint.com/companies/start-ups/binny-bansal-and-021-capital-backs-increff-1555496318122.html
- ^ a b c https://www.moneycontrol.com/news/business/startup/binny-bansal-backed-increff-raises-funding-3782841.html
- ^ a b https://www.vccircle.com/supply-chain-tech-startup-increff-bags-2-mn-from-sequoia-capital-others
- ^ https://inc42.com/startups/sequoia-backed-increff-funding/
- ^ https://www.businesstoday.in/latest/corporate/story/increff-raises-12-mn-in-latest-funding-round-led-by-premji-invest-others-323273-2022-02-20
- ^ https://entrackr.com/exclusive/exclusive-increff-co-founder-romil-jain-quits-8760845
- ^ https://www.bwpeople.in/article/increff-promotes-vishal-raj-to-co-founder-549248
External links
Category: Technology companies of India Category: Software companies of India Category: Companies based in Bengaluru Category: Indian companies established in 2016 Category: Software companies established in 2016 Category: Supply chain management software companies
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