This Indian logistic firm raised $3 million in a pre-Series A round
Logistics firm Pidge has raised $3 million in a pre-Series A round led by Mountain Partners and with participation from existing investor Indian Angels Network (IAN).
The new round follows the $1 million funding from the IAN in 2021. Prior to this, the founders had bootstrapped the company with $2 million.
Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is an on-demand last-mile B2B logistics platform. It combines SaaS company and Network capability creating India's first hybrid fulfillment platform.
The startup claims to have enabled over 5 million deliveries and onboarded 400,000 network users, so far and operates across 5 cities in the Delhi-NCR region – Delhi, Noida, Faridabad, Gurgaon, and Ghaziabad.
The company said in a press release that the capital will be deployed towards scaling up its logistics SaaS solutions offering and making accessible to everyone.
