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Logistics agency Pidge has secured $3 million in pre-Sequence A funding spherical led by main European VC, Mountain Companions to increase its logistics SaaS resolution. Pidge combines SaaS and Community functionality creating India’s first hybrid success platform.
„We’re delighted to have the backing of Mountain Companions. Their international presence, expertise in know-how led companies, and a deep perception in Pidge’s proposition is thrilling. We’re additionally inspired by our current buyers, IAN’s participation on this spherical. Our objective is to allow companies to develop by constructing an ecosystem of accessible SaaS services,“ acknowledged Ratnesh Verma, founder and CEO of Pidge.
Previous to this spherical, the founders bootstrapped the corporate with $2 million and raised $1 million from the Indian Angels Community in 2021. Pidge is India’s first transaction-based logistics SaaS firm, which makes hybrid fulfilment attainable. Pidge has enabled over 5 million deliveries and has 400,000+ community customers, claimed by the corporate in an announcement.
„I’m excited to spend money on Pidge, as they revolutionise the Indian e-commerce ecosystem with their last-mile logistics SaaS. Having invested in a number of profitable know-how corporations all over the world, I’m impressed by how Pidge software-as-a-service onboards small and medium companies (SMEs), empowering them via accessible know-how. I’m wanting ahead to seeing the influence of this know-how in a fast-developing nation like India,“ stated Dr. Cornelius Boersch, founder and CEO Mountain Companions.
Based in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is claimed to be on a mission to make logistics know-how accessible to everybody.