CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Navata Supply Chain Solutions, based in Hyderabad, announces successful closure of Pre-series A funding led by Equanimity Ventures. The funding will fuel Navata SCS’s mission to revolutionise India’s supply chain industry.
Founded by siblings Hima and Vineel Parvataneni in 2020, the company was born to solve the dire problems in the supply chain landscape. Owing to the fragmented nature of the ecosystem, supply chain costs are huge (supply chain cost is 14% of GDP ). Moreover, there is very little visibility both in terms of goods as well as cost.
This pressing problem was the driving force behind the establishment of Navata SCS. The company takes a holistic and customer-centric approach adding value to the entire supply chain from transportation, and warehousing to last-mile delivery. By bringing tech and data-driven solutions, they aim to modernise B2B logistics while providing real-time visibility at every step.
Hima Parvataneni, CEO, Navata Supply Chain Solutions, “Helping customers overcome the hardship of managing multiple vendors, Navata SCS offers a comprehensive, one-stop solution for all their supply chain needs. Our holistic approach is aimed at reducing overall supply chain costs and streamlining operations. Through our partnership with Equanimity Ventures, we aim to grow our last mile and warehousing solutions, to help more customers reach their customers at every corner of the country in a cost-effective manner.”
