Centriti Secures Funding to Streamline Hospitality Procurement

B2B e-procurement platform Centriti has secured Rs 6 crore in a funding round led by Emergent India Ventures. Participating investors include Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group.

The capital injection will be used to bolster Centriti’s technological capabilities, expedite service delivery times, and fuel expansion into new markets, as per a company press release.

Founded in 2022 by Daljeet Singh, Centriti tackles inefficiencies plaguing the hospitality industry. By leveraging mid-mile logistics, warehousing solutions, and artificial intelligence (AI)-powered inventory management, Centriti empowers hotels and restaurants to reduce costs, minimize waste, and optimize operational efficiency. The platform’s integrated inventory software automates tracking, replenishment, and provides valuable data analytics and forecasts, empowering businesses to make data-driven decisions.

Centriti Streamlines Procurement for Hospitality Businesses

Centriti takes out the shortcomings related with dealing with various providers and restricted innovative joining. By merging all obtainment needs into a solitary, smoothed out framework, Centriti fundamentally upgrades functional productivity and unwavering quality for friendliness organizations.

The Delhi-based startup flaunts a customers that incorporates noticeable cordiality brands like Taj Inns, Oberoi Lodgings, Accor Gathering, Grill Country, and Chai Point. Right now functional in Delhi, Bengaluru, and Jaipur, Centriti plans to grow its presence to Goa, Hyderabad, Kochi, and Chennai inside the following two years.

Competitive Landscape in Hospitality Procurement

Other notable players in the hospitality procurement space include SupplyNote, PetPooja, POSist, EagleOwl, and SlickPOS.