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Fountain9

Helping food brands and retailers reduce food wastage

Winter 2021B2B / B2B -> RetailMumbai, MH, India; San Francisco, CA, USA8 employees
Artificial Intelligence
Warehouse Management Tech
E-commerce
Supply Chain
Retail

About

Fountain9 is a predictive inventory planning solution. We help food brands and retailers reduce food wastage and improve product availability by predicting their future inventory needs. Food wastage is a global problem that has both financial and environmental costs. An estimated $1.3 Bn tonnes of food is wasted every year and 7 - 15% of that is because of mismanaged inventory. We accurately predict future inventory imbalances which lead to out of stock situations or wastage, and also recommends best ways of minimising their impact. Our state of the art demand sensing and pricing engine takes into account several factors like historical sales trends, seasonality, holidays, markdown events and pricing changes to predict future inventory requirements and optimize prices. Predicted inventory demand is also aligned with supply side data to identify ideal suppliers and replenishment quantities that minimize chances of stock outs or inventory wastage.

Founders (2)

Niki Khokale
Founder
Rajas Lonkar
Founder

Details

Status
Acquired
Stage
Early
Team Size
8
Regions
India, United States of America, South Asia, America / Canada