Increff, founded in August 2016 by former Myntra executives Rajul Jain, Anshuman Agarwal and Romil Jain, will use $3 million generated this year in the Series A funding to fuel the next phase of growth for entering global markets, expanding its domestic customer base and enhancing its product offering, according to chief executive officer Rajul Jain.
Increff is a technology and analytics enterprise that helps fashion and lifestyle brands improve inventory turns through smart merchandising and efficient fulfilment via single view of inventory.
Almost every brand and retailer in India is struggling with inefficient inventory and even large players or brand houses and retailers work on Excel models or plain vanilla auto replenishment systems, and there is hardly any intelligent solution in the market, Jain told Fibre2Fashion in an interview. (DS)
For the full interview, please click here.
Fibre2Fashion News Desk – India