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Fundly.ai raises $3m seed funding

By Leandra Monteiro

May 23, 2023

  • Accel India
  • Credit Management
  • Expansion Plans
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Fundly, Fundly.aiFinTech startup, Fundly.ai has recently raised $3 million in seed funding. The round was led by Accel India and also saw participation from Multiply Ventures and other angel investors.

Fundly.ai is a player in the pharma supply chain, offering tailor-made solutions to retailers and distributors. It financially equips them to reduce friction, manage better cash flows, and increase their margins.

Amit Chawla, Fundly.ai said, “Innovation in the pharmaceutical supply chain can be challenging, but we at Fundly.ai are determined to make a meaningful difference. We have partnered with Accel India and Multiply Ventures to drive positive change and revolutionize the industry, enabling retailers and distributors to achieve their full potential. Our strong commitment to customer-centricity, inspires us to continually push boundaries and develop products that cater to the needs of our customers. 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.”

With this round of funding, Fundly.ai is planning various growth initiatives, including deeper engagement with existing customers, expansion into new geographies, building technology, and working on newer product offerings. Their focus is on empowering retailers and distributors with the necessary tools to thrive in the pharma ecosystem.

Sarthak Singh, Investor at Accel added, “Amit and Shree bring a wealth of experience from their deep lending background. Leveraging this experience, they have been able to identify the gaps and opportunities that exist in the pharma supply chain. While financing serves as an entry point, we are thrilled to see the innovative solutions that the Fundly.ai team plans to bring to retailers, distributors, and other stakeholders.”

Fundly.ai aims to redefine supply chain financing in the pharma industry, making credit accessible to those at the lower levels of the supply chain pyramid than ever before.

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