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July 2015

Omnivore Partners picks minority stake in IT & services startup Retigence Technologies

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Omnivore Partners picks minority stake in IT & services startup Retigence Technologies

Bangalore-based IT and services startup Retigence Technologies has raised an undisclosed amount from early-stage agri-tech focused investment fund Omnivore Partners in lieu of a minority stake, according to a statement.

The funding received would be utilised by Retigence for research and development efforts, launching new products and targeting clients globally.

Founded in 2010 by Srinibas Behera and Pramod Mishra, Retigence provides business intelligence solutions for retail chains through inventory optimisation system. It has developed software that solves the over-stocking and stock-out situations in the retail industry.