Pidge Raises Rs 120 Crore to Expand AI-Led Last-Mile Logistics Network
- Pidge secures Rs 120 crore in growth capital led by LVEC
- Funds to deepen reach in Tier II–III markets and pilot global expansion
- AI-driven platform now supports 20,000+ brands across 50 cities
Pidge, a Gurugram-based last-mile logistics and supply marketplace, has raised Rs 120 crore ($13.6 million) in a new growth round led by La Vida es Chula (LVEC), the entrepreneur-led fund founded by Thomas Meyer. Existing investors also participated. This marks the company’s largest fundraise since its $3 million pre-Series A round in March 2023.
The fresh capital will help Pidge expand further into Tier II and Tier III markets, strengthen its product and technology stack, and launch pilots for its logistics operating system in select global markets.
Founded in 2019 by Rushil Mohan and Ratnesh Verma, Pidge provides a unified, interoperable platform designed to deliver reliable and flexible last-mile logistics for enterprises and individuals. It works with businesses in quick commerce, e-commerce, retail, pharma, apparel and food delivery, offering tools to streamline operations and improve delivery performance.
Pidge aims to create a digital operating system for India’s logistics ecosystem. Its tech stack includes proprietary engines like Titan and MORRE, which form the core of its AI-powered reliability platform. The company integrates routing, allocation, visibility, analytics and vendor interoperability into one intelligent system, helping bridge the gap between organized and unorganized logistics players.
Ratnesh Verma , CEO and Co-Founder, said, India’s push toward lower logistics costs and rapidly expanding e-commerce presents a major opportunity. “Pidge is positioned to become the backbone of that growth with the country’s largest interoperable last-mile logistics platform”, he said.
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Today, Pidge serves more than 20,000 brands across 50+ cities and works with partners such as Zomato, Swiggy, KFC, Tata1mg, Snitch and EatClub. The company has recorded 10x year-on-year growth and currently operates at an annualized revenue run rate of Rs 250 crore. It competes with players like Shiprocket, Holisol and ShipBob.
