FnS International Secures 3 Crores in Pre-IPO Investment, Backed by Leading Investor Ankit Mittal and Mavuca Capital Advisors

FnS International Secures 3 Crores in Pre-IPO Investment, Backed by Leading Investor Ankit Mittal and Mavuca Capital Advisors

Delhi, India – FnS International, a prominent player in the tableware segment, proudly announces the successful closure of its pre-IPO funding round, raising 3 crores. The round, led by esteemed investor Ankit Mittal and Mavuca Capital Advisors, demonstrates confidence in FnS International’s business model and growth potential.

Established in 2005 by Adish Jain and his wife Kamlesh Jain, FnS International has emerged as a leading provider of premium tableware products. With a diverse product range including cutlery, bar accessories, dinnerware, casseroles, dispensers, chafing dishes, and snack servers, FnS International caters to the discerning tastes of customers worldwide.

Operating from its base in Delhi, FnS International has expanded its footprint across various segments, establishing a strong presence in both traditional hospitality chains and modern establishments such as Radisson, ITC, and Crown Plaza. Moreover, FnS International has carved a significant online presence through leading e-commerce platforms including Amazon, Flipkart, Nykaa, Myntra, and its own website, fns.co.in.

Ankit Mittal, a leading investor, recognized the potential of FnS International, stating, “We are excited to support FnS International in its journey towards greater heights. The company’s commitment to quality and innovation positions it as a frontrunner in the tableware segment.”

The funds raised in the pre-IPO round will empower FnS International to further expand its product portfolio, strengthen its distribution network, and enhance its online presence. With plans to launch its IPO later in the year to fuel its next leg of growth, FnS International is poised for accelerated expansion in the market.

CEO Adish Jain expressed gratitude for the support from investors, remarking, “We are grateful for the confidence shown by Ankit Mittal, Mavuca Capital Advisors, and other investors. This investment will enable us to realize our vision of becoming a global leader in the tableware industry.”

Disclaimer: The information and facts presented in this press release have been sourced from FnS International. We assume no responsibility for the accuracy, reliability, or completeness of the information provided herein. Any reliance on the information contained in this press release is at the reader’s own risk.

AngiraShip: A New Shipping Aggregator Platform for E-commerce Businesses in India

AngiraShip: A New Shipping Aggregator Platform for E-commerce Businesses in India

AngiraShip, a new shipping aggregator platform, has launched in India on 14 Feb 2024, to provide e-commerce businesses with a one-stop solution for their shipping and logistics needs. AngiraShip aims to simplify and streamline the shipping process for online sellers by offering them access to multiple carriers, discounted rates, automated shipping, real-time tracking, and fraud detection.

AngiraShip is a third-party logistics service provider that ties up with multiple courier companies to facilitate ease of shipping for e-commerce businesses. It brings multiple courier partners on a single platform to let the online sellers pick the most suitable option for their specific needs. AngiraShip also integrates with popular e-commerce platforms, such as Amazon, Flipkart, and Shopify, to make the shipping process seamless and efficient.

AngiraShip leverages the latest technology and AI to offer various features and benefits to its customers, such as:

  • Price Comparison: AngiraShip allows businesses to compare rates and services from multiple carriers, including major players such as Bluedart, DTDC, and Ecom Express, as well as regional carriers and couriers. This helps businesses choose the most cost-effective and efficient option for each shipment.
  • Automate Shipping Process: AngiraShip enables businesses to automate many aspects of the shipping process, such as generating shipping labels, tracking shipments, and managing returns.

This saves time and reduces the risk of errors.

  • Fraud Order Detection: AngiraShip provides various AI-enabled capabilities that help businesses detect risky orders and reduce the cost that comes with them. Some examples of these tools are advanced address validation, RTO risk prediction, COD order block in the checkout, negative Facebook pixel, etc. These tools help reduce RTOs and returns, saving businesses valuable time and money.

AngiraShip is launching at a time when the Indian e-commerce industry is predicted to grow fivefold to $300 billion by 2030, with third-party logistics providers expected to handle 17 billion shipments in the next six years. AngiraShip aims to cater to this growing demand by offering a reliable, affordable, and convenient shipping solution for e-commerce businesses in India.

AngiraShip’s founder and CEO, Mr. Anurag, said, “We are excited to launch AngiraShip, a new shipping aggregator platform that will revolutionize the way e-commerce businesses ship their products in India. We believe that shipping is a key factor in the success of any online business, and we want to make it as easy and hassle-free as possible for our customers. With AngiraShip, businesses can access multiple carriers, compare rates, automate shipping, track orders, and detect fraud, all from a single platform. We are confident that AngiraShip will help e-commerce businesses scale up and succeed in the Indian market.”

AngiraShip is currently offering its services in pilot mode for new customers who sign up on their website. For more information, visit [AngiraShip] (https://angiraship.com) or contact info@angiradigitalservices.com.