Prime Ventures leads $4.7 mn funding round in retail tech firm Perpule

Perpule's retail data, inventory management and payments solutions for organised retailers offer better control on inventory

Perpule, a retail technology startup that offers a retail tech solution to supermarkets, has raised $4.7 million (approximately Rs 330 million) in a series-A round led by Prime Venture Partners.

Kalaari Capital and New Delhi-based Venture Highway also participated in this round. The two funds had invested seed capital in the company earlier in 2017.

Perpule provides retail data, inventory management and payments solutions for organised retail stores. Clients using Perpule have a better control on their inventory by accessing finer bits of data on things getting bought at their stores, the company said.

The solution integrates with ERP, or enterprise resource planning and software at large stores. For smaller players, the firm’s solutions work as an alternative to traditional ERP and manual book-keeping systems.

Perpule was launched in 2016 by Abhinav Pathak, Saketh B S V, and Yogesh Ghaturle. While Pathak and Ghaturle are alumni of National Institute of Technology, Surathkal, Saketh is from Indian Institute of Technology, Madras.

“We believe that by using the right technology and the power of mobile, we can improve such experiences and build solutions that work seamlessly across all platforms,” said Abhinav Pathak, chief executive and co-founder at Perpule.

The two-year-old firm works with about 20 clients, including Big Bazaar, SPAR, and MORE chain of stores. At some locations, it has enabled self-checkout though its tech stack.

Going forward, Perpule wants to capture more clients in the supermarkets segment and expand in the QSR (quick service restaurant) space.