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The funds will be used to expand Crest’s product offerings, scale operations and onboard more brands faster.

Bangalore based Automated Inventory Planning SaaS startup Crest raised 800K USD in its pre-seed funding round, led by IAN and IPV. The round also saw participation from 888vc, Faad Network, PointOne Capital and notable founders of companies viz. Delhivery, Shiprocket, Pickrr, Smytten, Samosa Party, and Sirona among others.

“Crest is built for D2C e-commerce and is focused on solving the fundamental issue of those businesses, i.e. reducing lost sales opportunities by increasing fill rate and helping optimise inventory through real time demand forecasting. By impacting the core of the business, Crest becomes a CXO priority and is not just another enabling software. In the fast evolving e-commerce and multi-shop retailing real time demand forecasting and inventory management is the need of the hour,” said Shantanu Ghosh & Vidit Nagory,  IAN Lead Investors.

“We are excited by what Crest has built and the immense potential of the space, both in India and global markets. Crest is being led by founders who have deep working experience in supply chain & AI and who have seen success in their earlier venture in a similar space catering to large global brands. They are addressing a real need and enabling even small enterprises, access to AI-driven inventory optimisation across multiple channels and demand forecasting ability,” said Ivy Chin, Partner, IPV

Launched in March 2022, Crest is an automated inventory planning tool, designed to help D2C brands and SMBs in eliminating stockouts. It helps brands by providing answers to four crucial questions: What to order; When to order; How much to stock; Where to place. The result is improved serviceability and reduced risk of stockouts, right from the first month of implementation. Given the importance of these attributes and the progress that Crest has made, the round also saw participation from notable investors from the supply chain industry including Ankit Sethi.

The funds will be deployed to broaden Crest’s product offerings and scale the operations. Furthermore, in light of the current global economic slowdown, Crest seeks to assist brands in maintaining their financial stability by implementing efficient inventory practices to optimise their working capital.

“In less than 12 months, Crest has already onboarded numerous customers from various industries, improving serviceability by up to 95%, reducing out-of-stock situations by up to 90%, and automating supply chain operations. Notable customers include Samosa Party, Wow Skin, Swiss Beauty, Pro Nature, and Sleepwell, among others,” said Rahul Vishwakarma, Co-founder & CEO, Crest

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