PE-VC Fund Investments
Supply chain optimiser Mojro raises $3-M led by IAN Alpha Fund
Bengaluru-based B2B SaaS startup Mojro has raised USD 3 million in a funding round led by IAN Group’s IAN Alpha Fund, with participation from 1Crowd and existing investors.Founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu, Mojro assists mid- to large-sized enterprises in optimising their supply chains and serves across sectors including consumer packaged goods, retail, parcel delivery and courier services, dairy, and e-commerce, offering a platform for logistics network optimisation.The new funds will be used for expansion into the USA and Southeast Asia, to enhance its AI-driven platform, and to grow its product, engineering, and sales teams.
In Apr 2018, Mojro had attracted about USD 1 M from 1crowd, MA Ravi Kumar and Soundar Kannan.For FY25, Mojro had reported about INR 11 Cr in Operating Income and about INR 1 Cr in Net Loss.
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