Based in India and established by former Google employees, Fountain9 provides F&B retailers and brands with a demand prediction engine, “Kronoscope,” that uses AI and algorithms to continuously analyze and predict demand levels. The company claims that its solution helps users avoid overstocking products while minimizing revenue loss by predicting out-of-stock situations and providing an automated procurement plan. As of mid-2021, the company was focusing on F&B brands and retailers in India, with plans to expand into the US and Southeast Asia.
In August 2020, the company reported signing its first corporate customer, and in September 2020, it partnered with KPMG, Qentelli, and Reflexive Supply Chain to scale the distribution of its solution. In October 2020, Fountain9 was selected to work with the P&G innovation lab to further develop its technology.
In July 2021, the company raised USD 1.9 million in a seed funding round from prominent investors, including 021 Capital, Y Combinator, Titan Capital, Globevestor, Harvard Seed Fund, and Germany-based Blue Impact Ventures. The funding is expected to be used to further develop the company’s Kronoscope product and expand globally.
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