Pidge, a Gurgaon, India-based SaaS startup focused on the logistics industry, raised $3 million in a funding round led by Mountain Partners, a venture capital firm based in Europe.

The technology platform of Pidge combines SaaS and network capability to create a hybrid fulfillment platform.

This startup claimed its solution enables customers to grow their revenue by ensuring zero unfulfilled demand, reducing costs through latency-optimized algorithms, and improving customer experience through automated tracking, alerts, and notifications.

"Pidge SaaS will provide end-to-end last mile solutions for businesses with their own fleet," said Pidge Founder & CEO Ratnesh Verma.

Company: R-Indventures Private Limited 

Raised: $3.0M

Round: Unknown 

Funding Month: March 2023

Lead Investors: Mountain Partners

Additional Investors:

Company Website: https://pidge.in/

Software Category: Logistics Solution

About the Company: Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is a one-stop delivery solution. Pidge's self-service logistics SaaS enables MSMEs, Enterprises, and 3PLs across India to deliver exceptional results and grow exponentially. Its unique proposition uses proprietary technology to build the first latency-free last-mile logistics solution. Its proprietary technology uses AI and custom algorithms for an unprecedented combination of speed and reaches to enable faster commerce. Pidge’s omni-category fulfillment capability allows for industry-first revenue management capability. The startup claims to have enabled over 5 million deliveries and has over 400,000 network users.

Source: https://yourstory.com/2023/03/evera-pidge-and-mitra-raise-funding-ev-d2c-saas-startups