HBI Staff | Hyderabad 
Centriti, a B2B SaaS e-procurement platform for the HoReCa (Hotel, Restaurant, and Catering) industry, has raised Rs 6 crore in a Pre-Series A funding round. Led by Emergent India Ventures (EV2), the round saw participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group.
Founded in 2022, Centriti offers a sophisticated, tech-based end-to-end procurement system, which centralises and simplifies the procurement process for HoReCa businesses. Recognising that hotels and restaurants require over 1,000 products daily, Centriti addresses the inefficiencies associated with managing multiple suppliers and minimal technological integration. By consolidating all procurement needs into one efficient system, it significantly enhances operational efficiency and reliability for hospitality businesses.
Speaking on the funding, Daljeet Singh, Founder & CEO, Centriti said, “This investment is a testament to the hard work and dedication of our team, and will enable us to revolutionise procurement systems in the hospitality industry at scale. Within a short span of two years, we have been able to create a significant impact in the geographies we currently operate in. With this support, we are poised to deliver unparalleled value to our partners and customers.”
Centriti leverages advanced mid-mile logistics, state-of-the-art warehousing, and AI-driven inventory management solutions to empower hotels and restaurants to reduce costs, minimise waste, and improve overall operational efficiency. The platform’s in-house AI-driven integrated inventory software automates inventory tracking and replenishment while providing insightful analytics and forecasts, helping businesses make informed decisions.
The company plans to deploy the raised funds towards enhancing tech capabilities, further reducing service time and expanding into new geographies.
Some of the prominent hospitality brands which work with Centriti include Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point. With an existing presence in Delhi, Bengaluru, and Jaipur, the company plans to expand to Goa, Hyderabad, Kochi, and Chennai over the next 2 years.
Karan Mittal, General Partner at Ev2 Ventures, commented, “As an impact-focused mobility fund, enabling supply chain efficiencies is paramount to our investment thesis. Centriti’s innovative approach in providing a holistic solution for the HoReCa industry through its end-to-end procurement platform, while leveraging AI, has immense potential to revolutionise distribution and mid-mile logistics across the sector.”
