Logistics-tech co. Elixia bags $1-M led by JIIF

JITO Incubation and Innovation Foundation (JIIF) has led a USD 1 million pre-Series A round for Elixia Inc and its Indian subsidiary, Elixia Robotics. The round saw participation from Motilal Oswal (Motilal Oswal Financial Services),Vimal Shah (Bidco Oil), and Sparsh Jain (JG Group).The funds will be used to expand the firm’s operations in the Middle East and to enhance its product portfolio by incorporating GenAI and machine learning to improve operational efficiency.Elixia is a technology provider in the area of the supply chain to the logistics industry.