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Fountain9

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Fountain9 is a platform that helps food brands and retailers reduce food wastage and maintain high availability by predicting their future inventory needs.
FoodTech,  FMCG,  Retail,  SaaS,  Machine Learning  
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Basic Information
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
:
B2B  
Founding Date
:
1st Nov 2018
No. of Employees
:
<10
Core Team
:
1.  
Rajas Lonkar
Co-Founder & CTO
2.  
Niki Khokale
Co-Founder & CEO
Tech30 Pitch
Timeline

2020

Accelerator / Incubator Program

Feb | Accelerator / Incubator Program

Selected in the first class of 100Watts retail tech accelerator comprising of great network of retail practitioners, CIOs and investors.

Product Launch

Jul | Product Launch

Ran multiple pilots in the middle of the COVID-19 outbreak despite the slowdown and officially launched our product.

Key Customer Milestone

Aug | Key Customer Milestone

Signed up our first corporate customer

Strategic Partnership

Sep | Strategic Partnership

Established alliance partnership with KPMG, Qentelli, Reflexive Supply Chain solutions for scaled distribution.

Awards

Oct | Awards

Got selected to work with P&G innovation lab and was awarded the winning team at ICS Ignite Startup Challenge.

Revenue Stream
Licensing
Subscription
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Target Market
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
:
India,  North America  
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Funding

Total Funding

$1.0M

Investors
:
1.  
Y Combinator
Features

[Funding alert] AI-led startup Fountain9 raises $1.9M in seed round led by 021 Capital, Y Combinator

[Tech30] AI-driven startup Fountain9 analyses demand patterns to make inventory management efficient

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