Bengaluru-based B2B SaaS startup RePut.ai has raised $1 million (Rs 8.6 crore) in a pre-seed funding round led by GrowthCap Ventures, a Mumbai-based venture capital firm focusing on early-stage fintech, SaaS, and deep-tech investments, according to a company’s statement.

In the fresh round, some angel investors like Vipul Parekh, co-founder of BigBasket; Abhijeet Kumar, founder of TableSprint; and Vishal Jain, partner at Deloitte India also participated.

Commenting on the investment, GrowthCap Ventures founder and general partner Pratekk Agarwaal, said, “This is not just an investment but a commitment to empowering a brighter, more sustainable future through visionary founders with unmatched expertise and determination.”

Founded by Anuj Bishnoi, Rohit Mahatma, and Amit in 2022, RePut.ai leverages advanced technologies such as blockchain, Digital Product Passports (DPPs), and predictive analytics to deliver transformative supply chain solutions. The startup focuses on industries like fashion, food, and mining, promoting sustainability and transparency across global supply chains.  

RePut.ai’s platform enables brands to validate, market, and scale their sustainability initiatives while helping them meet global sustainability goals.

The platform offers actionable insights to track and reduce carbon emissions, drive recycling efforts, and transition to a circular economy. Key solutions such as ZeroCarbon and RePutCircle provide tools for businesses to achieve measurable growth through sustainability.  

“This funding round, led by an Operator VC like GrowthCap Ventures, is even more special as it will help us scale much faster. Pratekk’s deep understanding of our business adds immense value to our journey,” said Anuj Bishnoi, co-founder and CEO of RePut.ai.

In the startup space, Bengaluru-based start-up Digantara announced today that it is set to launch the world’s first commercial satellite for surveillance of objects as small as 5 cm orbiting the Earth to ensure safer space operations.

ALSO READ: India ranks 3rd globally in fintech funding despite 33% lower infusion in 2024: Report