# nCinga Innovations Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ncinga-innovations-pvt

- Industry: Software
- Headquarters: Colombo, Sri Lanka
- Website: www.ncinga.com
- Total disclosed funding: $2M
- Latest round: Series A (Oct 30, 2019)
- Investors on record: 4

## About

nCinga Innovations Pvt Ltd specializes in delivering technology-driven solutions for small and medium enterprises, focusing on enhancing efficiency in industries like fashion, clothing, footwear, and furniture through innovative digitization platforms.nCinga Innovations Pvt Ltd was founded in 2015 in Colombo, Sri Lanka. The company operates in the technology sector, specifically providing solutions that facilitate digitization in manufacturing. The CEO is Harindha Fernando. As of December 2019, the company was acquired by Zilingo Pte. Ltd. for USD 15.5 mn, which allowed Indian factories to access enhanced tools and features of Zilingo's factory software. The firm has completed a total of 3 deals since inception, with the latest funding round being an Add-on Trade Sale, led by Zilingo Pte. Ltd. The total amount raised is USD 0.91 mn.nCinga Innovations Pvt Ltd offers a range of technology solutions designed for small and medium enterprises. Their core product, Solvei8, supports over 100 factories by optimizing production processes for approximately 20 million articles monthly through digitization. The company also provides the Lynks Sales Cloud, which aids SMEs in managing their e-commerce operations, including marketplace listings and fulfillment logistics. Additionally, nCinga is developing the Recyclei8 platform to improve recycling processes for SMEs, connecting them with larger recyclers.nCinga Innovations Pvt Ltd generates revenue primarily through its technology platforms via subscription models. Factories using the Solvei8 platform pay for digitization services, while the Lynks Sales Cloud may offer tiered pricing based on service levels. Revenue from the Recyclei8 initiative is expected from long-term agreements with SMEs for sourcing waste materials, to be supplied to larger recycling firms. Specific pricing details and transaction structures have not been disclosed, but the firm's model focuses on B2B relationships.Following the recent acquisition in December 2019, nCinga Innovations Pvt Ltd plans to leverage the additional resources from Zilingo Pte. Ltd. to enhance and expand its product offerings. The company is focused on developing new features for existing platforms and aims to increase its market footprint in South Asia by the end of 2023. The recent funding round will support these initiatives by providing capital for product development and market expansion efforts.

## Funding rounds

- Series A, Oct 30, 2019, $0.9M — BOV Capital, Singapore Angel Network, Dialog Axiata PLC
- Seed, Oct 9, 2018, $1.1M — Dunamis Capital, BOV Capital, Singapore Angel Network

## Investors

- Dunamis Capital — Seed
- BOV Capital (https://capitalatlas.ai/funds/bov-capital) — Seed, Series A
- Singapore Angel Network (https://capitalatlas.ai/funds/singapore-angel-network) — Seed, Series A
- Dialog Axiata PLC — Series A