The investment round was led by Mela Ventures and 1Crowd along with participation from The Chennai Angles
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Bangalore-based software-as-a-service (SaaS) startup Infilect has raised USD 1.5 million in Pre-series A round. The investment round was led by Mela Ventures and 1Crowd along with participation from The Chennai Angles.
The startup said it will utilize the fresh capital to scale its go-to market programs and will continue to invest in the areas of Image Recognition (IR) for retail execution, supply-chain optimization, store personalisation and category planning.
Started by Anand Prabhu Subramanian and Vijay Gabale, Infilect is an enterprise SaaS provider for retail manufacturers, retail brands and retailers. It leverages artificial intelligence (AI) and image recognition (IR) to help the retail industry