Mumbai-based finance firm Fundly.ai has raised $3 million in a seed round of funding led by Accel. Multiple ventures and other angel investors also participated in this funding round.
The company will use funds to increase contact with current clients, expand into new areas, develop technology, and work on fresher product lines.
“With this new funding, we are excited to expand our reach and explore untapped markets, bringing our vision of a more efficient and effective pharma supply chain to an even larger demographic,” Amit Chawla, CEO, said.
Fundly.ai was founded by Amit Chawla and Shreeram Ramanathan in early 2021. The company aims to help small retailers & distributors in the healthcare vertical across India future-ready. The company claims that it has already empowered more than 2000 retailers and more than 30 distributors across more than 7 cities in India.
The company provides distributors and retailers with financial tools to make their cash flows and boost their margins. It is currently focusing on southern and western India.
