A consortium of American and Indian private investors led a $500,000 early investment round for the cloud-based B2B supply chain platform The India Index LLC.
Key investors in the pre-seed round included additional private investors as well as Parth Jindal, managing director of JSW Cement and JSW Paints, Vaaman Sehgal of the Motherson Group, and Robert Lansing of Westminster Capital.
The market place makes it easy and affordable for American buyers and Indian suppliers to find, screen, and verify supply chain partners.
Some of India’s leading businesses, like JSW Group and Bharat Forge Limited, utilize India Index to seize export possibilities in the US market.
Start-ups and Fortune 500 firms utilize the site to look for and assess supply chain partners.
The creator and CEO of India Index is Samir N. Kapadia, a US-India trade counselor and executive of a software firm.
Regarding the use of the funds, Kapadia said, “With India Index, we are dedicated to enhancing visibility, connectivity, and business activity between US consumers and Indian suppliers. In order to maximize the platform, we are developing capabilities that go beyond search, assessment, document review, and workflow management solutions.
Although small and medium-sized businesses in our nation lack the means and skills necessary to enter those export markets, the United States has long been an important trading partner for India. All Indian businesses who desire to engage in international commerce would benefit from India Index, according to investor and board member Parth Jindal.