Logistics SaaS startup Pidge raised $3 million led by Mountain Partners along with existing investors

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Gurugram-based logistics SaaS startup Pidge raised $3 million in Pre-Series A led by Mountain Partners, with participation from existing investor Indian Angels Network (IAN).

Pidge plans to deploy the fresh funding towards scaling up its logistics SaaS offering, Mint reported. The latest funding round comes nearly two years after IAN invested $1 million in the logistics SaaS startup in 2021. Before raising investor capital, Pidge’s founders invested $2 million themselves.

Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is a B2B logistics startup. It operates across five cities in the Delhi-NCR region – Delhi, Noida, Faridabad, Gurgaon and Ghaziabad, claims to have enabled 5 million+ deliveries and onboarded 300K+ users.

The startup offers three key products – order management, order tracking and communication management. Pidge allows enterprise users to manage their orders effectively via its management platform. Further, the startup’s proprietary algorithms in real-time order clubbing and dynamic batching ensure minimised lead times.

Pidge’s order tracking system uses a proprietary tracking technology, which allows users to track their riders in real time. This also allows businesses to achieve maximum first-time delivery success, reducing the need for multiple delivery attempts and RTO in the case by reducing delivery failure, thus saving reverse logistics costs.

The startup also leverages its micro-fulfilment centres (Pidge Houses) for faster and better-controlled deliveries. Lastly, the startup’s communication management system allows users to effectively communicate with their customers about deliveries, further improving first-time delivery success.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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Logistics SaaS startup Pidge raised $3 million led by Mountain Partners along with existing investors

Gurugram-based logistics SaaS startup Pidge raised $3 million in Pre-Series A led by Mountain Partners, with participation from existing investor Indian Angels Network (IAN).

Pidge plans to deploy the fresh funding towards scaling up its logistics SaaS offering, Mint reported. The latest funding round comes nearly two years after IAN invested $1 million in the logistics SaaS startup in 2021. Before raising investor capital, Pidge’s founders invested $2 million themselves.

Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is a B2B logistics startup. It operates across five cities in the Delhi-NCR region – Delhi, Noida, Faridabad, Gurgaon and Ghaziabad, claims to have enabled 5 million+ deliveries and onboarded 300K+ users.

The startup offers three key products – order management, order tracking and communication management. Pidge allows enterprise users to manage their orders effectively via its management platform. Further, the startup’s proprietary algorithms in real-time order clubbing and dynamic batching ensure minimised lead times.

Pidge’s order tracking system uses a proprietary tracking technology, which allows users to track their riders in real time. This also allows businesses to achieve maximum first-time delivery success, reducing the need for multiple delivery attempts and RTO in the case by reducing delivery failure, thus saving reverse logistics costs.

The startup also leverages its micro-fulfilment centres (Pidge Houses) for faster and better-controlled deliveries. Lastly, the startup’s communication management system allows users to effectively communicate with their customers about deliveries, further improving first-time delivery success.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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