India Dealbook: O4S raises $2.1m from Venture Highway; Northmist bags angel funding

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Gurugram-based SaaS startup O4S and Bengaluru-based online cotton menswear brand Northmist have secured funding.

O4S raises $2.1m from Venture Highway

Gurugram-based SaaS startup O4S has secured $2.1 million in a pre-Series A funding round led by Venture Highway, it announced on Thursday.

The startup will use the funding to strengthen its workforce, accelerate client acquisition, and build technology infrastructure across industries within India.

O4S, operated by Evato Technology Pvt. Ltd, last raised a seed investment of $400,000 in 2017. “In the past one year, we have tracked over 500 million unique products across 100 thousand retailers in general trade,” Divay Kumar, CEO, O4S, said.

Northmist bags angel funding

Bengaluru-based online cotton menswear brand Northmist has raised about Rs 1 crore in angel funding from a bunch of angel investors, YourStory reported.

The round saw participation from Sanjay Koul, Managing Director and Chairman of a top US company; Birju Gala, CEO of Zibo Paper Tech; Somendra Biswal, Head of Corporate Affairs – Sahi Export; and Srinivasan Sarangpani, Director of Supply Chain at a US company.

Northmist plans to use the funds to launch a new T-shirt collection in August, and get into womenswear by January next year.