Total amount raised
$6 Million
Latest funding date
3/1/2023
Location
Pidge has successfully raised funding over four rounds, with the latest being a Series A round. The company is backed by investors including La Vida es Chula and Mountain Partners.
Keep reading to explore the intricacies of Pidge's fundraising journey and the investors backing this innovative platform.
What Is Pidge?
Pidge is a logistics technology company based in Gurgaon, Haryana, India. It specializes in providing end-to-end logistics intelligence and a unified platform for businesses. The company operates in multiple industries, including AI, E-Commerce, Last Mile Transportation, Logistics, SaaS, and Supply Chain Management.
Founded with the vision to enable seamless and scalable fulfillment for growing businesses, Pidge has grown to employ between 51 and 100 people. Trusted by over 15,000 businesses, Pidge leverages AI-powered solutions for smarter, more efficient deliveries, route optimization, and data-driven insights.
How Much Funding Has Pidge Raised?
- Pre-Seed Round
- Amount Raised: USD 2,000,000
- Date: April 2019
- Lead Investors: Ratnesh Verma
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial operations and technology.
- Seed Round
- Amount Raised: USD 1,000,000
- Date: November 2021
- Lead Investors: IAN Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and scale Pidge's technology and operations.
- Seed Round
- Amount Raised: INR 245,000,000 (approx. USD 3,000,000)
- Date: March 2023
- Lead Investors: Mountain Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Pidge's logistics SaaS solution and grow its hybrid fulfillment platform.
- Series A Round
- Amount Raised: INR 1,200,000,000 (approx. USD 15,000,000)
- Date: October 2025
- Lead Investors: La Vida es Chula
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Pidge's growth and expansion in the logistics and supply chain management sectors.
Total Amount Raised: USD 21,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- La Vida es Chula
- Details: La Vida es Chula is a prominent investor known for its strategic investments in innovative companies. They led Pidge's Series A funding round.
- Investment Focus Areas: Technology, E-Commerce, Logistics
- Notable Investments: Not publicly disclosed
- Mountain Partners
- Details: Mountain Partners is a leading European venture capital firm founded by Dr. Cornelius Boersch. They focus on technology-driven businesses and have a global presence.
- Investment Focus Areas: Technology, SaaS, E-Commerce
- Notable Investments: Not publicly disclosed
- IAN Group
- Details: Indian Angel Network (IAN) is one of the largest angel networks in India, investing in early-stage startups across various sectors. They previously invested $1 million in Pidge in 2021.
- Investment Focus Areas: Startups, SaaS, Logistics
- Notable Investments: Not publicly disclosed
- Ratnesh Verma
- Details: Ratnesh Verma is the founder and CEO of Pidge. He led the pre-seed funding round with a $2 million investment to establish the company.
- Investment Focus Areas: Logistics, Technology, AI
- Notable Investments: Not publicly disclosed
What's Next for Pidge?
As Pidge looks to the future, the opportunities for growth are immense. The company is poised to expand its logistics SaaS offerings, tapping into the burgeoning Indian last-mile logistics sector, which is projected to grow from $40 billion to $100 billion by 2024. This expansion will enable Pidge to enhance its product offerings, including order management, order tracking, and communication management, thereby attracting more enterprise users and increasing its market presence.
Given the significant market potential and the successful completion of its Pre-Series A round, Pidge is likely to pursue additional funding rounds to support its growth and technological advancements. The involvement of prominent investors like Mountain Partners and Indian Angels Network suggests strong investor confidence, which could lead to future fundraising opportunities and possibly strategic acquisitions to enhance their technology stack or expand their market reach.
However, Pidge will face challenges along the way, including intense competition from other logistics and SaaS providers, maintaining service quality as they scale, and navigating regulatory and operational complexities. Despite these hurdles, Pidge's commitment to leveraging proprietary algorithms and real-time tracking technology positions it well to overcome these challenges and continue its trajectory of growth and innovation in the logistics industry.
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