Austin Texas based Hopstack is raising $3,320,000.00 in New Equity Investment.
Austin, TX – According to filings with the U.S. Securities and Exchange Commission, Hopstack is raising $3,320,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Gaurav Saraf played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Hopstack
At Hopstack we believe that by automating and optimizing warehouse operations we can help businesses Save Time- Reduce Operational Costs- Boost Customer Service- Improve Quality of Life- Raise Financial Position We are a B2B SaaS (Software As A Service) company focused on helping businesses enhance productivity and increase throughput. Our AI-powered Warehouse Operations Management system is suitable for:- E-commerce Businesses- 3PLs – Third-party logistics- Retailers – Manufacturers- Direct to Consumer Brands With our easily configurable yet powerful no-code workflow and out-of-the-box integrations companies can configure our platform to suit needs specific to their businesses. Using our platform businesses can:- Manage end-to-end warehouse operations- Keep inventory and stock levels in check- Get orders from multiple sales channels in one unified dashboard- Improve order fulfillment time- Analyze and take action at the moment using real-time data- Get insights and predictive forecasts through our proprietary AI algorithms. – Seamlessly connect with the most popular ERPs, marketplaces, logistics carriers, hardware and robotics vendors, e-commerce platform, and more. We started back in 2019 with just 2 people, our founders, and have grown to 30+ employees as of today. Our strong belief in providing value in everything that we do have helped us gain trust and acquire customers in North America, Canada, Singapore, Malaysia, and India. As of Aug 2022, we have approximately fulfilled 4. 5 Million orders across all clients. All of this while reducing the order return rate by 177%, and cutting down order lead times by at least 33%. Streamline your warehouse operations and improve efficiency – Talk to one of our warehouse operations experts or visit our website for free resources.
To learn more about Hopstack, visit http://www.hopstack.io/
Contact:
Gaurav Saraf, Chief Executive Officer
408-421-8264
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