Surpluss is a B2B platform that utilizes AI and data analytics to facilitate the buying and selling of surplus pharmaceutical inventory, including stock-lots and near-expiry products. The platform streamlines the liquidation process by managing logistics, inspections, and payments, enabling businesses to quickly convert excess inventory into capital while ensuring secure transactions.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Pharmaceutical companies often face challenges in managing surplus inventory, including stock-lots and near-expiry products, which can tie up capital and create logistical complexities. Traditional liquidation methods can be slow, inefficient, and lack transparency, leading to potential losses for both buyers and sellers.
Solution
Surpluss offers a B2B platform that leverages AI and data analytics to streamline the buying and selling of surplus pharmaceutical inventory. The platform provides an end-to-end solution, encompassing listing, dynamic pricing, logistics management, product inspection, secure payments, and insurance. By facilitating efficient liquidation, Surpluss enables businesses to quickly convert excess inventory into capital while ensuring secure and transparent transactions. The platform operates in multiple countries, providing global visibility and access to a wide network of buyers and sellers.
Target Audience
The primary target audience includes pharmaceutical manufacturers, distributors, wholesalers, and retailers seeking to buy or sell surplus, near-expiry, or slow-moving pharmaceutical inventory.
Features
- AI-driven platform for matching buyers and sellers of surplus pharmaceutical inventory
- Dynamic pricing algorithms to optimize liquidation value
- Integrated logistics management, including shipping and warehousing
- Tech-enabled product inspection to ensure quality and compliance
- Secure payment processing with buyer capital protection until product verification
- Insurance coverage for all deals from seller's warehouse to buyer's doorstep
- Global visibility with operations in India, USA, UK, Singapore, China, Dubai, and Canada