Flipkart's Binny Bansal co-invests ₹20cr in startup Increff

Bengaluru-based supply-chain management startup Increff has raised around ₹20 crore in a Series A round from Flipkart Co-founder Binny Bansal and 021 Capital, which is also backed by him. Increff was founded in 2016 by former Myntra executives Rajul Jain, Nirmal Jain and Anshuman Agarwal and former ngpay executive Romil Jain. It offers supply-chain solutions to fashion brands and retailers.