Centriti is a B2B e-procurement platform that secured Rs 6 crore in its pre-series A funding round. This  round was led by Emergent India Ventures with participation from various investors including Alluvium  Capital, HOF, Atrium Angels, Venture Garage, CoralBay Ventures, and Brigade Group. The startup plans  to use these fresh proceeds to advance its technology, reduce service time, scale up operations,  enhance AI capabilities, and expand its network. 

The startup makes procurement for hotels easier by leveraging technologies and creating a platform  to predict inventory holding costs and minimize losses. The company designs and manages the supply  chains in India, Europe, and Southeast Asia markets. The firm relies on AI-based predictive demand  planning solutions and quality checking to ease the procurement problems of hotels. The company  offers warehousing, logistics, and AI-based inventory management solutions to help hotels and  restaurants minimize waste and reduce costs while improving the efficiency of their operations. These  solutions help the restaurant to eliminate pilferage and have around 15 percent cost savings. 

The B2B platform provided by Centriti offers in-house integrated inventory software that automates  inventory tracking while providing forecasts, and in-sight analysis to help businesses to make decisions.  The firm eliminates all inefficiencies associated with managing minimal technological integration and  multiple suppliers. The startup enhances the reliability and efficiency of the hospitality businesses. The  startup will use some of this fund to fuel the growth of its business, market expansion, and to meet  general corporate expenses. The investment shows the trust of investors in Centriti’s market potential  and business model. 

The startup currently operates in the parts of Bengaluru, Delhi, and Jaipur. However, the company aims  to expand its network across India in various cities including Hyderabad, Goa, Chennai, and Kochi in  the next two years. The startup has collaborated with various hospitalities including Oberoi hotels, Taj  hotels, Barbeque Nation, Accor group, and Chai Point. Centriti faces direct competition from other  procurement companies such as PetPooja, POSist, SupplyNote, SlickPOS, and EagleOwl. This  investment will benefit both parties and will provide a range of innovative services for the procurement  sector in India. 

Conclusion: 

Centriti is an e-procurement platform for hotels, catering, and restaurants. This B2B startup secured  Rs 6 crore in its pre-series A funding round from Emergent India Ventures and other investors including  Alluvium Capital, HOF, Atrium Angels, Venture Garage, CoralBay Ventures, and Brigade Group. The  company intends to use this fresh capital to reduce service time, scale up operations, enhance AI  capabilities, and expand its network globally. The startup aims to make procurement for hotels easier  by using advanced technologies and developing a platform to minimize losses and offer predictions.  The firm eliminates all inefficiencies in managing minimal technological integration and multiple  suppliers. The platform enhances the reliability and efficiency of the hospitality businesses. This Delhi based startup plans to extend its services in the regions of Hyderabad, Goa, Chennai, and Kochi in the  next two years. Centriti currently operates in Bengaluru, Delhi, and Jaipur.