Moneycontrol News
Bangalore-based startup Pando has raised USD 2 million in seed funding, led by Nexus Venture Partners with participation from Kashyap Deorah, Hypertrack, Nishant Rao, Sirrion Labs and others.
“This investment is a shot in the arm for the team to continue to reimagine logistics — from being a heavy, cumbersome cost-center, to being a robust, digital foundation to any business. We have seen encouraging adoption from Fortune 500s and global blue-chips. We will continue to focus on product and people, to ease and enable commerce through digital deliveries," said Nitin Jayakrishnan, founder and CEO, Pando.
The company digitises logistics operations for Fortune 500 companies. It solves a key problem of convergence, on the demand side of the ecosystem. The PandoEnterprise Suit help enterprises of all sizes digitise, monitor and optimise their supply chain operations.
“Pando is enabling enterprises to turn their supply chain management function from a cost-center to a source of competitive differentiation by providing real-time visibility and seamless digital links across the value chain," said Sandeep Singhal, Co-founder & Managing Director, Nexus Venture Partners.
"This kind of love from large marquee enterprise clients shows the team’s domain understanding, and focus on customer success, and convinced us to partner with them in bringing about this transformation not just with Indian clients but also in global markets," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
