Supply chain-focused fintech startup QuiD Cash has secured $4.5 million in a pre-Series A funding round.
The round saw participation from a group of angel investors, including Piyush Jain, along with existing investor MINTCAP.
QuiD Cash Bags Major Investment
Earlier this year, QuiD Cash raised ₹5 crore in a pre-seed funding round led by Mint Cap Enterprises and Stone Park Capital. The latest funding will be directed toward enhancing its technology and driving business expansion.
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As part of its growth strategy, the company has also introduced QuiD Capital, a non-banking financial company (NBFC) aimed at simplifying anchor-led invoice financing for businesses.
About QuiD Cash, the Fast Growing Startup
Launched by Subhash Gupta and Vikram AG, QuiD Cash offers tech-driven financial solutions through its B2B supply chain platform. Currently, the startup supports around 8,000 users and collaborates with over 20 major companies across industries such as FMCG, automotive, pharmaceuticals, and agriculture. These businesses manage monthly transactions ranging from ₹50 crore to ₹250 crore.
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With a team of 40 employees, QuiD Cash plans to grow its workforce to 50 in the coming year. Looking ahead, the company aims to onboard 500,000 retailers within the next two years as it continues to expand its reach in the supply chain finance ecosystem.
