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YSTV
Fountain9 is a platform that helps food brands and retailers reduce food wastage and maintain high availability by predicting their future inventory needs. They aim to predict future inventory imbalances which lead to out-of-stock situations or wastage and also recommend ways of minimising their impact. Their demand sensing and pricing engine take into account several factors like historical sales trends, seasonality, holidays, markdown events and pricing changes to predict future inventory requirements and optimize prices. Predicted inventory demand is also aligned with supply-side data to identify ideal suppliers and replenishment quantities that minimize chances of stock-outs or inventory wastage.
Legal Name
:
Fountain9 Pvt Ltd
Headquarters
:
Mumbai, Maharashtra , India
Business Model
:
Founding Date
:
1st Nov 2018
No. of Employees
:
<10
Core Team
:
1.
Rajas Lonkar
Co-Founder & CTO
2.
Niki Khokale
Co-Founder & CEO
2020
Feb | Accelerator / Incubator Program
Selected in the first class of 100Watts retail tech accelerator comprising of great network of retail practitioners, CIOs and investors.
Jul | Product Launch
Ran multiple pilots in the middle of the COVID-19 outbreak despite the slowdown and officially launched our product.
Aug | Key Customer Milestone
Signed up our first corporate customer
Sep | Strategic Partnership
Established alliance partnership with KPMG, Qentelli, Reflexive Supply Chain solutions for scaled distribution.
Oct | Awards
Got selected to work with P&G innovation lab and was awarded the winning team at ICS Ignite Startup Challenge.
B2B
Our target is supply chain functions in ecommerce and mid market retail + CPG companies selling everyday items like groceries, medicines, beauty cosmetics.
Client Segment
:
Direct-To-Consumer Brands,
E-Commerce,
FMCG,
FoodTech
Target Companies
:
Medium Enterprise,
Large Enterprise
Target Geography
:
Total Funding
$1.0M
Investors
:
1.
Y Combinator
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