O4S has raised $6 Million in a Series-A funding round led by Think Investments. Existing investor Venture Highway also participated in the round. The company has earlier raised a total of $3.5 Million in different rounds of investments backed by Venture Highway, and angel investors including Amit Singhal, Subhrakant Panda and Bikram Singh Bedi.
Incepted in 2017 by Divay Kumar and Shreyans Sipani, O4S is helping many prominent manufacturing companies like ITC, Coca Cola, Honeywell, AkzoNobel, Mondelez among others bring visibility and automation in their supply chains using O4S Enterprise SaaS Platform. The IoT and SaaS-driven platform helps manufacturing companies to digitize and automate the supply chain. It is a multi-module SaaS platform for manufacturing companies to enable traceability and automation across manufacturing, warehouses, and retail networks to increase sales and performance. The solution optimizes downstream supply chain operation. It helps bring manufacturers, warehouses, distributors, retailers, and consumers on a single mobile app-based platform to facilitate planning and production. The platform couples’ technologies like AI, ML, and IoT with the core supply chain operations to build global supply chain networks for the enterprises.
O4S’s co-founders were recently recognized in Forbes under 30 Asian Entrepreneurs for their Enterprise Solution. The company is headquartered in Gurugram with regional offices in Bangalore and Hyderabad. With the current funding, O4S is planning to ramp up its operations across North America and Southeast Asia expanding its enterprise customer base to 500+ and headcount to 200+. Furthermore, a lot of focus will be on horizontal expansion of products application which will benefit their existing clientele too.
“In the last 3 years of starting operations, we have worked with more than 50 large consumer brands coming from various industries and understood their pain points well. O4S’s platforms are developed to resolve persisting supply chain challenges and lack of visibility in distribution. 2020 has been a crucial year due to the impact of COVID-19 on manufacturing supply chains. The latter had been an eye-opener and compelled leaders to work towards bringing more visibility & digitization into supply chain processes which meant more opportunities for us.” Co-Founder, Divay Kumar said.
“We strongly believe in O4S and their vision to help businesses optimize their performance through enhancing and digitizing supply chains,” said Shashin Shah, Managing Partner at Think Investments. “A key learning from the COVID-19 pandemic is the need to improve supply chains around the world, and companies like O4S are leading in this effort. We foresee immense growth in the smart manufacturing sector and look forward to partnering with O4S as they continue to rapidly expand and offer tech-enabled solutions to a wide range of clients.”
“We have backed O4S since their inception and have seen the founders and their team build a fantastic product for an extremely sticky customer base. The Supply Chain Traceability and Automation market is projected to reach $7.3 Billion by 2026; O4S has a huge opportunity to become a leader in this vertical.” Samir Sood, Founder, Venture Highway.
About Think Investments:
Think Investments is a multi-billion AUM investment firm headquartered in San Francisco. Think is focused on partnering with exceptional public and private companies globally.
About Venture Highway:
Venture Highway (www.venturehighway.vc) has a deep Silicon Valley connection through its founders and investors and was started as a passion to give back to the startup ecosystem in India. Venture Highway was founded by Samir Sood (ex-Google) and Silicon Valley based Neeraj Arora (Founding anchor LP of Venture Highway and former Global Business Head, WhatsApp). VH partners with the next generation of Indian technology entrepreneurs by providing early rounds of institutional capital and guidance through its local and global networks.
Antares Legal represented O4S on its Series A investment. Antares Legal’s team was led by Surbhi Kothiala and Devanjali Rastogi, with assistance from Amrusha Monga and Mohona Thakur.