Intugine Raises $2.3 Million in pre-Series A Funding

by Kay Aloha Villamor in November 30th, 2022

Intugine, a Bangalore, India-based real-time multimodal supply chain visibility startup, raised $2.3 million (INR 19 crores) in pre-series A funding.

The round was led by Mela Ventures, with participation from Kaleesuwari Group and Innoport. Marquee investors, including SaaS founders Harsh Shah (co-founder of Fynd); Anshul Rai (co-founder and CEO of Happay), Kashyap Deorah (founder and CEO of HyperTrack), and existing investor Kanav Hasija (co-founder of InnovAccer) also participated in this funding round. 

The funds raised will be deployed to fuel product development, explore global markets, and expand its team across product, data, and GTM functions.

Harshit Shrivastava, Co-founder, and CEO of Intugine says, "Enterprise supply chains are rapidly evolving to support omnichannel buying and distribution, making operations increasingly complex and cost-intensive. We have built a technology platform that gives enterprises end-to-end visibility of their shipments and greater control over their logistics operations. With improved visibility, enterprises can substantially reduce their operational costs, improve their margins, and deliver an exceptional customer experience.”

Intugine track over 10 million shipments on their platform for 75+ global customers across the chemical, automotive, building materials, consumer durables, FMCG, retail, and e-commerce industries.

Company: Intugine Technologies

Raised: $2.3M

Round: pre-Seed

Funding Month: November 2022

Lead Investors: Mela Ventures

Additional Investors: Kaleesuwari Group, Innoport, Harsh Shah, Anshul Rai, Kashyap Deorah, and Kanav Hasija

Company Website: https://www.intugine.com/

Software Category: Multimodal Visibility Logistics SaaS Platform

About the Company: Founded in 2017 by Harshit Shrivastava, Ayush Agrawal, and Mrinal Rai, Intugine is a multimodal visibility logistics SaaS platform that helps the world’s largest enterprises to build resilience in their supply chains. Intugine’s comprehensive multimodal solutions are helping businesses track their shipments across oceans, full truckloads, partial truckloads, and rail transportation. Its clients include enterprises like Philips, Flipkart, Xiaomi, Diageo, Kuehne Nagel, Ultratech Cement, Myntra, Swiggy Instamart, and Mahindra Logistics.

Source:             https://bwdisrupt.businessworld.in/article/Supply-Chain-Startup-Intugine-Raises-Rs-19-Cr-In-Pre-Series-A/29-11-2022-455964/

 

 

 

 


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