Supply chain fintech startup QuiD Cash has raised $4.5 million (approximately ₹38.23 crore) in a pre-Series A funding round.
The round included participation from angel investors such as Piyush Jain and existing backer MINTCAP.
Earlier this year, the company had raised ₹5 crore in pre-seed funding led by Mint Cap Enterprises and Stone Park Capital.
The newly raised capital will be utilized to enhance technology infrastructure and support overall business growth.
QuiD Cash has also introduced QuiD Capital, its in-house Non-Banking Financial Company (NBFC), to offer anchor-led invoice financing.
About QuiD Cash
Founded in 2023 by Subhash Gupta and Vikram AG, QuiD Cash provides technology-driven financial solutions through its B2B supply chain platform.
The startup serves around 8,000 users and collaborates with over 20 large enterprises across industries such as FMCG, automotive, pharmaceuticals, and agriculture. It facilitates monthly transactions worth ₹50–250 crore.
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In a statement, Co-founder Vikram AG highlighted QuiD Cash’s innovative risk pricing model, which uses a mix of conventional and unconventional data points to dynamically assess and price risk. This approach enables enterprises to unlock off-balance-sheet financing while providing seamless coverage for retailers.
With a current team of 40 employees, QuiD Cash plans to expand to 50 personnel next year and aims to onboard 5 lakh retailers over the next two years, further scaling its operations and market reach.
