Centriti, a B2B e-procurement platform, has secured Rs 6 crore in a funding round led by Emergent India Ventures. This round also saw participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group.
According to a press release from Centriti, the newly acquired funds will be used to enhance their technological capabilities, reduce service time, and expand into new markets.
Founded in 2022 by Daljeet Singh, Centriti utilizes mid-mile logistics, warehousing, and AI-driven inventory management to help hotels and restaurants cut costs, reduce waste, and improve overall operational efficiency. The platform’s integrated inventory software automates tracking and replenishment while offering valuable analytics and forecasts, enabling businesses to make data-driven decisions.
Centriti addresses inefficiencies associated with managing multiple suppliers and limited technological integration by consolidating all procurement needs into a single, efficient system. This approach significantly boosts operational efficiency and reliability for hospitality businesses.
Based in Delhi, Centriti collaborates with prominent hospitality brands such as Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point. The startup currently operates in Delhi, Bengaluru, and Jaipur, with plans to expand to Goa, Hyderabad, Kochi, and Chennai within the next two years.
