O4S has raised $6 Million in a Series-A funding round led by Think Investments. Existing investor Venture Highway also participated in the round. The company has earlier raised a total of $3.5 Million in different rounds of investments backed by Venture Highway, and angel investors including Amit Singhal, Subhrakant Panda and Bikram Singh Bedi.
The company is headquartered in Gurugram with regional offices in Bangalore and Hyderabad. With the current funding, O4S is planning to ramp up its operations across North America and Southeast Asia expanding its enterprise customer base to over 500 and headcount to over 200.
“In the last 3 years of starting operations, we have worked with more than 50 large consumer brands coming from various industries and understood their pain points well. O4S’s platforms are developed to resolve persisting supply chain challenges and lack of visibility in distribution. 2020 has been a crucial year due to the impact of COVID-19 on manufacturing supply chains. The latter had been an eye-opener and compelled leaders to work towards bringing more visibility & digitization into supply chain processes which meant more opportunities for us,” Co-Founder, Divay Kumar said.
“We strongly believe in O4S and their vision to help businesses optimize their performance through enhancing and digitizing supply chains,” said Shashin Shah, Managing Partner at Think Investments. “A key learning from the COVID-19 pandemic is the need to improve supply chains around the world, and companies like O4S are leading in this effort. We foresee immense growth in the smart manufacturing sector and look forward to partnering with O4S as they continue to rapidly expand and offer tech-enabled solutions to a wide range of clients.”
“We have backed O4S since their inception and have seen the founders and their team build a fantastic product for an extremely sticky customer base. The Supply Chain Traceability and Automation market is projected to reach $7.3 Billion by 2026; O4S has a huge opportunity to become a leader in this vertical,” said Samir Sood, Founder, Venture Highway.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.