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Economic Times

Economic Times

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Logistics startup Oxyzen Express raises $3 million in seed funding

Chennai-based logistics startup Oxyzen Express has raised $3 million in the second tranche of its seed capital funding round. The funding was led by Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies, along with participation from other angel investors. Oxyzen Express offers tech-enabled solutions and operates within the express logistics industry. The company's proprietary tech stack, OWENS, incorporates innovative design concepts and features a 'Middle Mile Optimizer' for real-time data analytics. Oxyzen Express has rapidly scaled its market presence and generated nearly $6 million in revenue in FY23.

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