TLDR: Hyderabad-based enterprise supply chain startup Enmovil has successfully raised $6 million in a funding round led by Sorin Investments, with participation from Capria Ventures and Twynam. The capital will be used to enhance its artificial intelligence capabilities, expand its sales team, and explore global market opportunities.
Hyderabad-based enterprise supply chain planning platform Enmovil announced today that it has successfully closed a $6 million funding round. The investment was spearheaded by Sorin Investments, an early-stage venture capital firm co-founded by former KKR India chief Sanjay Nayar and Caravel Group CEO Angad Banga. Additional participation in the round came from Capria Ventures and Twynam.
Founded in 2015 by a team of seasoned executives, Ravi Bulusu, Nanda Kishore, and Venkat Moganty, all formerly of Nvidia and Oracle, Enmovil has established itself as a key player in the supply chain technology sector. The company specializes in providing an artificial intelligence-driven platform designed for comprehensive supply chain planning and enhanced visibility for large enterprises.
Enmovil currently boasts a robust client portfolio of over 50 enterprise customers. This impressive list includes industry giants such as Maruti Suzuki, Hero MotoCorp, HPCL, Nestlé, TVS Motors, Indus Towers, Vedanta Power, and Daimler, underscoring the broad applicability and effectiveness of its solutions.
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The newly secured capital is earmarked for strategic expansion and technological advancement. Enmovil plans to significantly expand its artificial intelligence capabilities, further solidifying its position at the forefront of AI-powered supply chain optimization. Furthermore, the funding will support the scaling of its sales team and facilitate the exploration of new global markets through strategic partnerships, aiming to extend its reach and impact worldwide.
