Pando, the leading provider of networked logistics management software has raised INR 64 Crores in a Series A funding round led by Chiratae Ventures with participation from Siemens-backed Next47 and existing investor Nexus Venture Partners. Notable angel investors in this round included Ramkumar Narayan, VMWare India MSD, Alok Mittal, CEO of Indifi and Saikiran Krishnamurthy of xto10x Ventures. With this funding round, the company has raised over INR 80 crores, to date.
Nitin Jayakrishnan, Co-founder & CEO of Pando, said, “This investment allows us to continue to reimagine the way freight networks operate. Pando has already delivered unprecedented value to large enterprises who have joined the network. We will continue to deepen our network offering in India, while scaling in select strategic markets internationally, investing in technology and talent, and enhancing our transaction capabilities by working closely with our vendor-partners.”
Founded by Abhijeet Manohar and Nitin Jayakrishnan in 2017, Pando helps marquee global businesses like Britannia, Marico, Philips and Tata, across multiple industries automate and optimize their freight management, and connects them to logistics vendors and aggregators to enable seamless transactions.