VC Fund Investments
Container logistics startup Matchlog raises $3-M from Blue Ashva Capital, others
MatchLog, a Mumbai-based container logistics optimisation platform, has raised USD 3 million (around INR 22.3 crore) in a funding round from Blue Ashva Capital, Rainmatter Climate and Capital-A. The capital raised will be deployed to develop Matchlog's platform further for AI and machine learning-based pairing of cargo, grow the multi-modal share in addition to road transport and expand its footprint to the Middle East, Africa and Southeast Asian markets over the next 12-18 months. The firm aims to help reduce at least 100 million tonnes of carbon over the coming five years. Matchlog claims that its work will result in significant fuel savings and directly contribute to the decarbonisation goals of the shipping industry. It works with leading custom house agents, freight forwarders and transporters that ensures higher adaptability and acceptance by the trade at large.
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