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