Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering

Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering

SUMMARY

The latest funding round comes nearly two years after IAN invested $1 Mn in the startup in 2021

Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is a B2B logistics platform operating in the Delhi-NCR region

Pidge’s website claims to have enabled 5 Mn+ deliveries and onboarded 300K+ users

Gurugram-based logistics SaaS startup Pidge has raised $3 Mn in a Pre-Series A round of funding 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 Mn in the logistics SaaS startup in 2021. Before raising investor capital, Pidge’s founders invested $2 Mn 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. 

Pidge’s website claims to have enabled 5 Mn+ 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.

Pidge competes in the highly competitive Indian logistics market, with players such as Shiprocket, Pickr, Shipyaari, and FarEye. 

India’s logistics SaaS and software solutions startups raised $765 Mn between 2014 and February 2023, according to Inc42 data. Recent funding activity in the segment includes digital freight management startup Freightify raising $12 Mn in its Series A round of funding from Sequoia India, TMV and Alteria Capital, among others.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering-Inc42 Media
Logistics SaaS Startup Pidge Raises $3 Mn Funding To Scale Product Offering-Inc42 Media
You’re in Good company