PE-VC Fund Investments
Logistics tech startup Pidge raises Rs.120-Cr led by LVEC
Gurugram-based supply marketplace and last-mile logistics platform Pidge has raised INR 120 crore in growth capital led by La Vida es Chula (LVEC; a Spain-based family office fund), with participation from existing investors.Founded in 2019 by Ratnesh Verma, Pidge offers a technology-based logistics platform that focuses on providing last-mile delivery solutions for businesses and individuals and claims to serve over 20,000 brands across more than 50 cities.The new funds will be utilized to expand into Tier II and III markets, establish product and tech leadership through continued innovation in AI and data science, and pilot its logistics operating system in select international markets.
In Feb 2023, Pidge had attracted about USD 3 M from Haystack Investment, Mountain Partners and others.
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