Fountain9

Fountain9 is a platform that helps food brands and retailers reduce food wastage and maintain high availability by predicting their future inventory needs.

FoodTech, FMCG, Retail, SaaS, Machine Learning

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Basic Information

Fountain9 is a platform that helps food brands and retailers reduce food wastage and maintain high availability by predicting their future inventory needs. They aim to predict future inventory imbalances which lead to out-of-stock situations or wastage and also recommend ways of minimising their impact. Their demand sensing and pricing engine take into account several factors like historical sales trends, seasonality, holidays, markdown events and pricing changes to predict future inventory requirements and optimize prices. Predicted inventory demand is also aligned with supply-side data to identify ideal suppliers and replenishment quantities that minimize chances of stock-outs or inventory wastage.

Legal Name

Fountain9 Pvt Ltd

Headquarters

Mumbai, Maharashtra , India

Business Model

B2B

Founding Date

1st Nov 2018

No. of Employees

<10

Core Team

Rajas Lonkar

Co-Founder & CTO

Niki Khokale

Co-Founder & CEO

Tech30 Pitch

Timeline

2020

Feb | Accelerator / Incubator Program

Selected in the first class of 100Watts retail tech accelerator comprising of great network of retail practitioners, CIOs and investors.

Jul | Product Launch

Ran multiple pilots in the middle of the COVID-19 outbreak despite the slowdown and officially launched our product.

Aug | Key Customer Milestone

Signed up our first corporate customer

Sep | Strategic Partnership

Established alliance partnership with KPMG, Qentelli, Reflexive Supply Chain solutions for scaled distribution.

Oct | Awards

Got selected to work with P&G innovation lab and was awarded the winning team at ICS Ignite Startup Challenge.

Revenue Stream

Licensing

Subscription

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Target Market

B2B

Our target is supply chain functions in ecommerce and mid market retail + CPG companies selling everyday items like groceries, medicines, beauty cosmetics.

Client Segment

Direct-To-Consumer Brands, E-Commerce, FMCG, FoodTech

Target Companies

Medium Enterprise, Large Enterprise

Target Geography

India, North America

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Funding

Total Funding

$1.0M

Investors

Y Combinator