India Index LLC, a B2B supply chain marketplace has raised $500K in pre-series seed round funding led by a group of U.S & India based private investors including Parth Jindal (JSW Group), Vaaman Sehgal (Motherson Group), Robert Lansing (Westminster Capital) amongst others.
With the fresh funding, India Index plans to build trust and transparency within its Indian suppliers and to connect them with global buyers.
Founded by Samir N. Kapadia, The India Index LLC (India Index) is a cloud-based B2B supply chain marketplace that helps American buyers and Indian suppliers search, filter, and vet supply chain partners through a seamless and cost-effective process.
Speaking about the investment round, Samir Kapadia, Founder & CEO, of India Index, said, “With India Index, we are committed to increasing visibility, connectivity, and commercial activity between U.S. buyers and Indian suppliers. With the funds, we are building capacities to optimize 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.”
Commenting on the funding in the India Index, Parth Jindal, Investor and Board of Advisors Member said, “The United States has long been a valuable trade partner for India, but small and medium-sized companies across our country lack the tools and resources to access those export markets. India Index will help democratize access for all Indian companies that want to participate in global trade. We need platforms like India Index to inspire every Indian company to show the world what we can do as a country.”
“The economic relationship between the United States and India holds unlimited promise for improving livelihoods and propelling long-term growth in both countries. Samir Kapadia’s work to draw our industries closer than ever before is important, and the India Index provides the chance for U.S. firms to connect with Indian partners that seek to build sustainable ties with markets across the Indo-Pacific,” Atul Keshap, President, U.S.-India Business Council, U.S. Chamber of Commerce and former Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs added.
Further talking about the funding, Robert Lansing, India Index Investor said, “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 to scale the opportunity. India Index is changing that by offering Supply Chain Certification for Indian suppliers.”