OORJAA raise INR 5.35 Crore in Funding Led by IPV
A logistics startup called OORJAA has successfully received INR 5.35 crore in its pre-Series A round, which was headed by Inflection Point Ventures (IPV) and included Vinners Platform, Soonicorn Ventures, and HEM Angels. With the help of this investment, the team will grow as well as the PiE KART platform. In order to increase productivity, visibility, and stability in last-mile and mid-mile deliveries, OORJAA is committed to utilising modern technology. A cost-effective, dependable, and environmentally friendly intra-city delivery option is provided by the recently released app-based PiE KART product. It successfully assigns shared trucks for same-day delivery to meet the unique demands of small and medium-sized businesses (SMEs).
The Co-Founder of IPV, Mitesh Shah, emphasised the significance of changing the logistics sector. He said, Almost every firm depends on the logistics industry. However, because of its numerous, uncontrolled components, it is very disorganised. In order to meet these problems, OORJAA has set out on a transformative path, offering an end-to-end automation solution for various distribution demands.
OORJAA's CEO and Co-Founder, Sandeep Patil, emphasised the business' exceptional five-fold expansion since round 1, which was led by IPV. He declared, 'We are starting the next stage of our expansion with this round 2 funding and the recent introduction of PiE KART'. Our goal is to use cutting-edge technology to bring about a revolution in last-mile and mid-mile logistics. Our investors have been instrumental in lifting our journey to new heights under the leadership of IPV.
OORJAA manages the delivery of more than 22 million tonnes per month throughout more than 40 cities in India. OORJAA was recognised as one of the top 10 logistics startups by Industry Outlook in 2021 in recognition of their outstanding contribution to the logistics sector. The $4 billion intra-city logistics business in India is expected to develop at a compound annual growth rate (CAGR) of 12% over the next year. This suggests that the Indian logistics sector has a lot of room for growth. With the help of seasoned industry experts and strategic consultants, OORJAA is on a mission to transform the logistics landscape in order to help businesses thrive in today's quickly changing industries.
The Co-Founder of IPV, Mitesh Shah, emphasised the significance of changing the logistics sector. He said, Almost every firm depends on the logistics industry. However, because of its numerous, uncontrolled components, it is very disorganised. In order to meet these problems, OORJAA has set out on a transformative path, offering an end-to-end automation solution for various distribution demands.
OORJAA's CEO and Co-Founder, Sandeep Patil, emphasised the business' exceptional five-fold expansion since round 1, which was led by IPV. He declared, 'We are starting the next stage of our expansion with this round 2 funding and the recent introduction of PiE KART'. Our goal is to use cutting-edge technology to bring about a revolution in last-mile and mid-mile logistics. Our investors have been instrumental in lifting our journey to new heights under the leadership of IPV.
OORJAA manages the delivery of more than 22 million tonnes per month throughout more than 40 cities in India. OORJAA was recognised as one of the top 10 logistics startups by Industry Outlook in 2021 in recognition of their outstanding contribution to the logistics sector. The $4 billion intra-city logistics business in India is expected to develop at a compound annual growth rate (CAGR) of 12% over the next year. This suggests that the Indian logistics sector has a lot of room for growth. With the help of seasoned industry experts and strategic consultants, OORJAA is on a mission to transform the logistics landscape in order to help businesses thrive in today's quickly changing industries.