Logistics tech startup Pidge raises $3-M led by Mountain Partners

Pidge, a Gurugram-based software-as-a-service (SaaS) startup focused on the logistics industry, has raised USD 3 million led by Mountain Partners, a venture capital firm based in Europe. Founded in 2019 by Ratnesh Verma and Rushil Mohan, the technology platform of Pidge combines SaaS and network capability to create a hybrid fulfillment platform. The firm claims that its solution enables customers to grow their revenue by ensuring zero unfulfilled demand, reduce costs through latency-optimised algorithms, and improve customer experience through automated tracking, alerts, and notifications. This startup had previously raised funding from Indian Angel Network in 2021.