IntelloCut, a material planning and optimization solution provider for sewn products, has raised US $ 200,000 in seed investment from Blume Ventures and Angel Investors to fund their growth plans. Mumbai-based Blume Ventures co-invests with other funds and provides seed funding in the range of US $ 50,000 to US $ 300,000 to nascent but technology focused and enabled ventures. It also provides follow-on investments to its stellar portfolio companies, ranging from US $ 500,000 to US $ 1.5 million.“ Acceptance from the fraternity and encouragement from our marquee investors motivate us to fulfil IntelloCut’s mission. This investment will help us achieve scale through strengthening our marketing and sales networks, and developing new products from our world class R&D facility in Delhi,” states an upbeat Manasij Ganguli, Founding member of IntelloCut.
[bleft]“IntelloCut not only saves fabric, but drastically reduces the time and labour required for order planning and fabric consumption. Acceptance from the fraternity and encouragement from our marquee investors motivate us to fulfil IntelloCut’s mission,” states Manasij Ganguli, Founding member of IntelloCut.[/bleft]
The funds raised will be used for global expansion and marketing by the parent company Threadsol Softwares. “We look forward to our partnership with Mausmi Ambastha, Manasij Ganguli and their team in their journey of building IntelloCut into the de facto planning software for the manufacturing industry. In an industry that is as competitive as garment manufacturing, they’ve developed software and algorithms that are saving 3-7% across pilots and their initial customers, boosting efficiency in this sector,” said Kartik Reddy, Managing Partner, Blume Ventures.
Commenting on the investments made by Blume Ventures in IntelloCut, Academician and Industry Expert, Prof. (Dr.) Prabir Jana, Head (Information Technology) NIFT Delhi said, “The permutation and combination in cut planning is so many that it is impossible for a human being to choose mathematically the best option manually. Cut planning software is probably the only true application where mathematical algorithms are used in garment manufacturing. IntelloCut is the most realistic cut planning software I have ever reviewed which takes care of real life constraints and common human habit of non-conformance in dynamic scenario to offer practical solution.”
IntelloCut not only saves fabric, but drastically reduces the time and labour required for order planning and fabric consumption. It automatically creates a cut order from input data, suggests grouping, allocates rolls and plans remnants, by reducing number of plies, markers, bodies-cut and end-bit wastage.
