QuiD, a supply chain-focused FinTech startup, has announced securing $603k (INR 5 crore) in pre-seed funding. The funding round was led by esteemed institutions like Mint Cap Enterprises and Stone Park Capital, with participation from notable angel investors including Sushant Kumar of Omidyar Network, India, among others.

Revolutionizing Supply Chain Financing:

QuiD operates at the intersection of finance and technology, offering innovative solutions to streamline supply chain financing processes. At the core of QuiD’s offering is its tech-driven financial float strategy, which enables anchor-led financing to retailers. This unique approach unlocks working capital for anchors, distributors, direct-to-consumer (D2C) brands, and manufacturers, thereby driving higher sales and margins across the supply chain ecosystem.

Empowering Anchor and Retailer Communities:

By leveraging technology, data science, and blockchain, QuiD aims to empower anchor and retailer communities with better access to credit at the invoice level. The company’s vision is to revolutionize supply chain financing by providing tailored solutions that address the unique working capital needs of businesses operating within the supply chain ecosystem.

Strengthening Tech Capabilities:

Subhash Gupta, Co-founder of QuiD, highlighted that the funds raised will be primarily deployed to strengthen and scale tech capabilities, as well as deepen engagement with current clients and partner lenders. QuiD aims to leverage advanced technologies to enhance its offerings and deliver seamless, customized financing solutions to its clients.

Interest Rate Arbitrage Model:

Vikram, Co-founder of QuiD, emphasized that the current funding validates QuiD’s thesis on interest rate arbitrage as a model that creates a strong moat through the network effect. By leveraging its unique model, QuiD aims to establish itself as a market leader in the supply chain financing space, driving value for its stakeholders and fostering sustainable growth.

Market Opportunity and Product Innovation:

Abhishek Pandey of Stone Park Capital highlighted the vast market opportunity in supply chain financing, estimated to be around INR 20 lakh crores as per the RBI report 2023. QuiD, with its innovative BNPL (Buy Now, Pay Later) model and analytics-based product financing solutions, is well-positioned to address the evolving working capital needs of businesses across various industries.

QuiD’s Value Proposition:

QuiD operates as a B2B supply chain FinTech marketplace platform, dedicated to optimizing the finances of distributors, retailers, manufacturers, and D2C brands. The company offers advanced solutions such as tech-driven financial float strategies, efficient working capital financing discovery, accelerated collections through decision science systems, and analytics-driven retailer discovery and profiling.


In conclusion, QuiD’s successful pre-seed funding round underscores the growing significance of supply chain financing in the Indian FinTech landscape. With its innovative solutions, collaborative partnerships, and unwavering commitment to client success, QuiD is poised to drive meaningful impact and empower businesses to thrive in today’s dynamic market environment. As QuiD continues to innovate and expand its reach, it is poised to redefine the future of supply chain financing, unlock new opportunities, and fuel economic growth across industries.

By Admin

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