1 day Ago
Manufacturing supply chain visibility software AltiusHub has raised $2.25 million (about Rs 18.8 crore) in a funding round led by early-stage venture capital firm Endiya Partners .
The proceeds will be used to bolster the engineering team and add talent, the company said. Founded in 2023, AltiusHub is a supply chain visibility software designed to help manufacturing companies safeguard their supply chains. Initially focused on the pharmaceutical industry, the platform aims to prevent counterfeit medicines from infiltrating the supply chain.
“Our vision is to create a technology that would not only enhance supply chain visibility but also provide a proactive defence against counterfeit threats. We believe that by empowering businesses with the tools they need to protect their brands and safeguard consumer safety, we can make a significant impact on the global marketplace,” said cofounder Abiram Vijaykumar. AltiusHub currently serves industries such as life sciences, defence, fine chemicals, and luxury goods.
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The software provides real-time visibility through instant notifications of any irregularities or deviations in the supply chain. It also gives a complete view of the product journey, from manufacturing to distribution, enabling proactive risk management, it said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Sateesh Andra, managing partner, Endiya Partners said, “As India's pharma exports expand, ensuring compliance, visibility, and efficiency across the supply chain is crucial.
AltiusHub’s advanced SaaS platform empowers pharma companies to track and trace products from production to final sale while adhering to global regulatory standards such as US DSCSA, EU FMD, UAE Tatmeen, and India’s iVeda, ensuring product integrity.” The VC firm's portfolio includes companies like Darwinbox, Kissht, SigTuple, Zluri, Qapita, Eyestem, Scrut Automation, Sugar.fit, and AquaExchange.
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