NimbleS2P, a SaaS platform for MSMEs, has raised $483K in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from other micro-venture catalysts and angel investors.
The funds will be used for sales, marketing, partner relations, and product development.
NimbleS2P aims to automate complex workflows related to finance, accounting, and procurement. The platform is designed to easily integrate and complement large ERP software such as SAP, Oracle, Microsoft Dynamics, and others to deliver cost-effective digitisation of business processes for businesses in the manufacturing and real estate sectors.
Supplier management, PO and invoice processing, and contract management are among the platform modules.
NimbleS2P claims it creates 60 per cent+ cost savings in source-to-pay for enterprises, and on top of that, it establishes a trusted supplier ecosystem, unleashing network effects within weeks.
The SaaS solution streamlines and automates manual activities for buyers, reduces processing time by 50–70 per cent, and enables inclusiveness by allowing small and medium-sized enterprises (MSMEs) to register and transact with large buyers.
The company currently caters to 15+ customers, including DLF, Jindal Steel & Power, and Oberoi Realty.
Chandresh Sharma, CEO, NimbleS2P, said, “Our vision is to revolutionise supplier-buyer interaction through a fully-automated platform. In the next two to three years, we aim to establish a strong foundation and attract over 200,000 users, expanding our growth story from India to the Middle East and South Asia.”