Funding AltiusHub, a startup that helps manufacturing companies monitor their supply chain, has raised $2.25 million in a seed funding round led by Endiya Partners. The round saw additional backing from friends and family.
The funds will be used to strengthen AltiusHub's engineering team and hire senior talent in specific sectors. The company helps manufacturers secure their . It caters to sectors such as life sciences, defence, fine chemicals, and luxury goods, which need strong supply chain systems and effective anti-counterfeiting solutions.
For instance, in the pharmaceutical sector, its platform prevents counterfeit drugs from infiltrating the supply chain. “AltiusHub was born out of a deep-seated concern with the vulnerabilities in traditional supply chains. We saw firsthand the devastating consequences of counterfeit products, particularly in industries like pharmaceuticals," said Abiram Vijaykumar, Co-founder, AltiusHub.
"Our vision is to create a technology that would not only enhance supply chain visibility but also provide a proactive defence against counterfeit threats,” he added. The startup was founded in 2023 in Hyderabad by Siddharth Reddy and Vijaykumar. Event tech startup Ticket9 has secured an undisclosed amount in funding from actress Nayanthara and film director Vignesh Shivan.
They will join the company as strategic investors. The company had previously raised $200K in a pre-seed round from prominent investors. The new funding will be used to enhance.