QuiD Cash, a rapidly expanding supply chain fintech startup, has raised $4.5 million (approximately ₹38.23 crore) in its pre-Series A funding round. This milestone was achieved with participation from notable angel investors, including Piyush Jain, alongside MINTCAP, an existing supporter. The funding follows the company’s earlier pre-seed round, where it secured ₹5 crore earlier this year.
The latest infusion of funds will be strategically allocated to advancing technological capabilities and accelerating business growth. QuiD Cash has also taken a significant step by launching QuiD Capital, a Non-Banking Financial Company (NBFC) dedicated to anchor-led invoice financing, cementing its standing in the fintech ecosystem.
Founded by Subhash Gupta and Vikram A.G., QuiD Cash is redefining supply chain financing with innovative, technology-driven financial solutions. It currently caters to industries such as FMCG, automotive, pharmaceuticals, and agriculture. With a user base of approximately 8,000 and partnerships with over 20 major companies, the platform facilitates transactions ranging from ₹50 crore to ₹250 crore monthly.
QuiD Cash operates with a team of 40 employees and has ambitious plans to scale its workforce to 50 members by next year. The startup also aims to onboard an impressive 5 lakh retailers over the next two years, underlining its growth-oriented vision.
The company’s transformative approach is set to disrupt the fintech landscape further by offering streamlined and accessible financial solutions to supply chain businesses. With its latest achievements and a clear roadmap for expansion, QuiD Cash is poised to make a significant impact in the fintech and supply chain sectors.
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