Hyderabad-based Navata Supply Chain Solutions has announced the successful closure of pre-series A funding led by Equanimity Ventures. This funding will fuel Navata SCS’s mission to revolutionize India’s supply chain industry.
Established in 2020 by siblings Hima and Vineel Parvataneni, the company emerged with a mission to address the pressing challenges within the supply chain industry. Given the fragmented nature of the ecosystem, supply chain costs loom large, accounting for 14% of GDP. Additionally, there is a notable lack of transparency concerning both goods and associated expenses.
This urgent challenge fueled the inception of Navata SCS. Adopting a comprehensive, customer-focused strategy, the company enhances the entirety of the supply chain, encompassing transportation, warehousing, and last-mile delivery. Leveraging technology and data-driven approaches, their goal is to revolutionize B2B logistics, offering live tracking and visibility at each stage.
Hima Parvataneni, CEO of Navata Supply Chain Solutions, said, “By aiding customers in navigating the challenges of coordinating multiple vendors, Navata SCS provides a comprehensive, single-point solution for all their supply chain requirements. Our integrated strategy is focused on minimizing overall supply chain expenses and optimizing operations. With Equanimity Ventures as our partner, we aspire to expand our last-mile and warehousing solutions, enabling more customers to efficiently reach their clientele across every corner of the country.”
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Navata has already transformed the supply chains of over 100 companies operating across various sectors including FMCG, Agro, Apparel, Electronics, and Pharma, leading to significant cost savings. NavataSCS stands out as an expert in rural delivery solutions. Leveraging their strategic hub network and collaborating with vetted local ecosystem partners, they excel in providing the shortest lead times and cost-effective rural delivery services. By harnessing AI/ML algorithms for route optimization and utilizing a combination of delivery methods, NavataSCS has effectively addressed the complex challenges associated with last-mile delivery in both urban and rural settings.
Vineel Parvataneni, the Chief Operating Officer at Navata Supply Chain Solutions, remarked, “Throughout the last four years, we’ve diligently honed and perfected our operational frameworks to guarantee smooth deliveries, particularly in rural regions. Teaming up with Equanimity Ventures, our objective is to extend our network to every corner of the nation, with the goal of empowering over 100,000 MSME logistics vendors. This expansion will facilitate us in offering comprehensive supply chain solutions on a national scale.”
Rajesh Sehgal, Managing Partner at Equanimity Ventures, highlighted, “Navata is addressing the industry’s most pressing challenge: last-mile delivery. With their extensive rural network and proficiency in modern trade, they are poised to become the preferred partner for numerous brands. Hima and Vineel demonstrate a fervent commitment to enhancing supply chain efficiencies, and we are thrilled to join forces with Navata as they embark on their journey of growth.”
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Looking ahead, the partnership with Equanimity Ventures propels Navata into its next phase of growth. This entails expanding its network to reach every corner of the country and establishing a robust base of over 100,000 vetted and reliable vendors, even at the grassroots level. Navata aims to further enhance its proprietary software, NSCS one, by consolidating supply chain data under a unified platform and leveraging AI insights to optimize operations. With a commitment to extending its mission to more customers, NavataSCS endeavors to transform their supply chains into a competitive advantage rather than a mere cost center, thus driving top-line growth.
