SprintAI

SprintAI, operating under the legal entity Qbx Analytics Private Limited, was established in Bengaluru, India, in 2018. The company was founded by three IIT Kanpur batchmates: Anurag Bhatt, Ankit Jain, and Sharad Lahoti. Their collective background includes experience at major e-commerce and corporate firms such as Amazon, Flipkart, PayU, Capillary, and McKinsey, which informed their approach to solving retail challenges. The venture secured a total of $650K in capital over two funding rounds. This included an angel round of over $500,000 in August 2019 from investors with retail and SaaS backgrounds, and a subsequent seed round of $150,000 from Y Combinator in 2020. SprintAI was also part of the Target Accelerator 2019 cohort. Despite its early traction, the company is now reported as inactive or out of business.

The firm specialized in providing a cloud-based, AI-led platform for the retail sector, focusing on inventory optimization and merchandising for lifestyle brands. The business model was centered on a SaaS platform that aimed to enhance productivity and profitability for retailers by automating decision-making processes. SprintAI's value proposition was to help clients achieve tangible results, such as a 20-25% reduction in inventory and a 4-5% growth in revenue.

The company's product suite included several distinct offerings. IntelliHawk provided data-based product analysis, demand forecasting, and automated replenishment. IntelliSort focused on assortment planning, helping retailers identify product groups and optimize market width. A third offering, IntelliFil, was designed for omnichannel fulfillment, providing tools for online and offline demand forecasting, logistics optimization, and API-based inventory management. This platform was designed to give retailers a prescriptive analytics engine to unlock new opportunities and respond faster to market changes.

Keywords: retail AI, inventory optimization, merchandising solutions, demand forecasting, automated replenishment, assortment planning, omnichannel fulfillment, retail technology, prescriptive analytics, SaaS for retail, supply chain AI, e-commerce optimization, inventory management software, retail analytics, Ankit Jain, Anurag Bhatt, Sharad Lahoti, Y Combinator W20, retail automation, lifestyle retail