PE-VC Fund Investments
EV logistics and fulfillment startup Tocal raises Rs.9-Cr
Bengaluru-based Tocal has raised INR 9 crore in a funding round led by XB Group, with participation from Navyug Global Ventures and high-networth individual investor Nivetha Muralidharan. XB Group, the parent group of K-Indev Logistics, contributed INR 8.5 crore to the round.Founded in 2021 by Dhairyasheel Deshmukh and Hidayathulla Shareef, Tocal operates an integrated logistics platform that combines electric vehicle-powered delivery services, fulfilment centres, fleet management software, and rider enablement.The company plans to use the new funds to expand its operations, establish fulfilment centres, scale its EV fleet and operational infrastructure, enhance its management technology, and strengthen enterprise sales and partnerships.
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