Kale Logistics Solutions, an India-based startup offering a vertical SaaS platform to assist logistics needs, has raised $30 million in Series B funding.
SaaS Investors
The round was led by Creaegis Advisors.
Founded in 2018, Creaegis Advisors is a Bangalore-based private equity and venture capital investor.
Kale Logistics Use of Funds
The funds will be used to expand further into the US and European markets, hire more staff, and invest in research and development.
About Kale Logistics Solutions
Founded in 2009 by Rajesh Panicker, Amar More, and Vineet Malhotra, Kale Logistics Solutions is a cloud-based solutions provider focused on the logistics and airport industry. The company developed cloud-based software tools to digitize the logistics and shipping cargo processes. The company’s Cargo Community Platform enables stakeholders such as freight forwarders, ground handling agents, and customs brokers to share standardized data electronically, reducing the need for manual processes and paperwork. The company serves clients in 36 countries and is present at over 100 airports and ports worldwide. Kale Logistics currently has offices in the UAE, Kenya, the Netherlands, and the U.S., apart from India.
Funding Details
Company: Kale Logistics Solutions Private Ltd.
Raised: $30.0M
Round: Series B
Funding Month: September 2023
Lead Investors: Creaegis Advisors
Additional Investors:
Company Website: https://kalelogistics.com/
Software Category: Logistics Solutions
Source: https://techcrunch.com/2023/09/11/kale-logistics-solutions-funding/