Noida-based ecommerce software solutions provider Vinculum Solutions has received Rs 1.625 crore from existing investor, Song Hoi See, the founder and CEO of Plaza Premium Group, in what appears to be an extended Series B round. Vinclum has allocated 161,134 shares at Rs 100.85 to See.
Vinculum had raised $2 million earlier this year as a B4 funding round. RB Investments (Singapore) joined the company's investor pool investing $1 million with the remaining $1 million coming from existing investors (Song Hoi See, Accel Partners and Ivy Cap Ventures).
In addition, a small bridge round of $600,000 was done this month. This includes $500,000 from See and $100,000 from Vinculum Founder Annajee Nott. The company is in advanced stages of a B5 round along with a growth investor for its services division which will be announced soon.
According to the company’s Bloomberg profile, Vinculum Solutions Private Limited develops software that enable the ecommerce ecosystem with SaaS based products for order management and fulfillment. Its products include Vin eRetail, a SaaS-based order fulfillment and inventory management suite that enables multi-channel retailing; Vin MDM, a multi domain master data management solution to manage and keep master data consistent across channels; and Vin SIM, a store inventory management solution to provide the real-time view of inventory across channels critical for enabling omni-channel retailing and unlocking new revenue streams through offline to online and online to offline transformations.
The company also provides supply chain management solutions. Additionally, it enables network for 3PLs, CPG companies, retailers, e-tailers, marketplaces, and sellers on marketplaces to sell across channels and unlock new revenue streams. Vinculum Solutions Pvt. Limited was founded in 2007 and is based in Noida. Venkat Nott, Piyush Madan, Deepak Singla are listed as the company’s founders.
Song Hoi See served as the head of private banking for Asia at Lehman Brothers before moving on to forming successful ventures under the brand name of Plaza Premium Lounges, Fine Dining Restaurants in Asia Expo, Cargo rights for Delta Airlines in Hong Kong among others. Headquartered in Hong Kong, Plaza Premium Group is a pioneer in providing premium airport services in over 160 locations of 37 international airports across the world.