Blubirch, an industry-leading AI and SaaS platform specializing in reverse supply chain management, recently announced its successful acquisition of $6.37 million in a Series A funding round. Cornerstone Ventures and Capital2B Fund emerged as the prominent backers in this round.
To date, the innovative startup’s fundraising efforts have amassed a notable $10.8 million.
This fresh capital infusion is set to propel Blubirch’s ambitions to new heights. The company’s roadmap includes aggressive expansion across diverse retail marketplaces and Original Equipment Manufacturer (OEM) ecosystems, as highlighted in their recent press release.
Co-founded by industry stalwarts Sapan Jain, Jeby Cherian, and Amit Goel, Blubirch has carved a niche in empowering retailers, e-commerce entities, brands, and OEMs. Its core offerings aim at boosting revenue streams, optimizing profits, and enhancing the overall customer experience.
Blubirch’s suite of solutions is tailored meticulously for those navigating the complexities of the reverse supply chain. Users benefit from tools that can swiftly identify and address invalid returns, streamlining a spectrum of return categories ranging from customer and dealer returns to warranty claims and trade-in exchanges.
Testimonials from the market underscore Blubirch’s transformative potential. Retailers and OEMs leveraging the platform have reported streamlined return management processes, with added layers of transparency and adherence to compliance. A noteworthy achievement is the elevation of operational margins by a whopping 300 basis points for its partners.
