India Index LLC has raised $5,00,000 in a pre-seed funding round led by a group of private investors from India and the United States. The key investors include Parth Jindal, director of JSW Ventures, Laksh Vaaman Sehgal, vice chairman at Samvardhana Motherson Group and Robert Lansing, chairman-founder of Westminster Capital.
Launched in 2022, India Index is a B2B supply chain marketplace that connects Indian suppliers with the world. The cloud-based platform enables American buyers and Indian suppliers to search, filter, and vet supply chain partners through a seamless and cost-effective process.
The company stated that it is used by start-ups and Fortune 500s alike to search and evaluate supply chain partners, highlight their company values, and optimise trade relationships to be more profitable. JSW Group and Bharat Forge Limited are some of the enterprises that use the platform to unlock export opportunities in the American market.
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Talking about the strategy to allocate the newly infused funds, Samir Kapadia, founder and CEO of India Index, said, “With the funds, we are building capacities to optimise the platform, going beyond search, evaluation, document review, and workflow management solutions. Our new tools will allow U.S. buyers to conduct transaction and logistics services on the platform, completing the supply chain journey all in one place. We are a digital infrastructure company, facilitating trade between the world and India at scale.”
“Now more than ever, American importers want to work with ethical, transparent, and responsible supply chain partners. India is the natural winner there, but there’s a gap in digital infrastructure to be closed in order to scale the opportunity. India Index is changing that by offering supply chain certification for Indian suppliers,” Lansing added.
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