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Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round
Entrackr
ยท
4m ago
Medial
Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round The proceeds will be used to expand its operations, scale from 1,000 to 10,000 customers over the next 12โ18 months, and drive gross merchandise value to $200 million, Xindus said in a press release. Cross-border logistics startup Xindus has raised $10 million in a pre-Series A funding round from 3One4 Capital and Orios Venture Partners. The round also saw participation from its existing investors, Shastra VC and Caret Capital. The company had previously raised $5.46 million from its existing investors. The proceeds will be used to expand its operations, scale from 1,000 to 10,000 customers over the next 12โ18 months, and drive gross merchandise value to $200 million, Xindus said in a press release. Co-founded in 2022 by Saurabh Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta, Xindus simplifies cross-border trade through an integrated platform that helps businesses sell, ship, store, return, and get paid internationally. The company plans to introduce its flagship product, XindusOne, which will empower Indian SMEs to access global markets, streamline order fulfillment, ship worldwide, and navigate trade compliance and financial flows seamlessly. The Gurugram-based company eliminates the hassles of complex trade regulations, which most businesses struggle to keep up with. The company focuses on delivering fast, compliant growth at scale, so businesses can focus on selling and expanding across borders. According to market research, India is progressing from a $400 billion export economy toward surpassing $1 trillion. Xindus states that it has designed its platform to support sellers through dynamic policy shifts. Its tech-driven, full-stack approach provides businesses with an on-demand operational engine, akin to Amazon, Alibaba, Temu, and Sheinโleveling the playing field and enabling SMEs to scale efficiently. Xindus claims to have a presence in markets such as the US and UK and aims to expand to Canada, Australia, Europe, and the Middle East. The company also claims to have supported over 1,000 SMEs and more than 500K global shipments. With over 200 marketplace integrations, it has reduced trade complexity and costs by 20%, with a 98.4% on-time delivery performance. The XindusOne stack allows businesses to configure the right global strategy, spanning international shipping, local fulfillment, trade and product compliance, and embedded legal entity services.
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Lobb Bags $2.9 Mn To Disrupt Digital Freight Brokerage Space
Inc42
ยท
1y ago
Medial
Bengaluru-based digital freight broker Lobb has secured $2.9 million in an extended Pre-Series A funding round. The company, which boasts being one of the fastest-growing digital freight brokerage platforms in India, works with over 1,200 logistics firms and more than 5,000 fleet owners. This funding news comes shortly after another Indian supply chain startup, Wiz Freight, raised $15 million in a Series B funding round.
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Cargado Raises $3M in Pre-Seed Funding
Finsmes
ยท
1y ago
Medial
Cargado, a U.S.-Mexico cross-border logistics startup based in Chicago, has raised $3 million in pre-seed funding. The funding round was led by Ironspring Ventures and included participation from Zenda Capital, Wischoff Ventures, Proeza Ventures, and Sahil Bloom. The company plans to use the funds to expand its operations and reach in the market. Cargado is focused on simplifying the cross-border trade process between the U.S. and Mexico through its software platform.
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OmniCard Bags $3 Mn Funding
Inc42
ยท
1y ago
Medial
OmniCard, a spend management startup, has raised $3 million in a pre-Series A funding round led by Ankurit Capital and Taisys. The company plans to expand its customer base from 2 million users to 10,000 enterprises by FY 2027. This investment also represents Taisys' first investment in an Indian startup.
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Pneucons bags pre-Series funding from Ather CEO Tarun Mehta, others
Entrackr
ยท
1y ago
Medial
Pneucons, a B2B industrial marketplace startup, has closed its undisclosed pre-series investment round driven entirely by social media engagement. The round also saw participation from Tarun Mehta, co-founder & CEO of Ather Energy. The proceeds will be used to expand the team, focusing on more cross-border transactions across major engineering categories like fire safety, pneumatics and hydraulics, industrial automation, plastic & packaging, electric cables and products and power tools. Founded in 2022 by Pritesh Lakhani, Pneucons is a B2B industrial marketplace startup building an ONDC-like infrastructure. Serving SMEs and MSMEs in Indiaโs industrial sector, Pneucons addresses challenges such as credit defaults, opaque pricing, and the availability of genuine quality products. The Ahmedabad based startup claims to have presence in over 42 countries with 7,000 buyers and 70 sellers, all acquired through word of mouth. It has executed cross-border transactions in 12 countries. It counts established enterprises and government entities such as Indian Railways, Indian Oil, L&T Suffin, Telangana Power Plant, and ISRO as its clients. As per the company, sellers from tier II and III cities are directly exporting & importing industrial equipment via Pneucons.
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JustDeliveries Bags Funding To Offer Cold Chain Solutions To Frozen Food Brands, Restaurants
Inc42
ยท
1y ago
Medial
JustDeliveries, a cold chain solutions startup, has raised $1 million in a pre-Series A funding round led by NABVENTURES Fund. The funding will be used to expand the startup's logistics networks in key cities, including Bangalore, Mumbai, Pune, and the NCR, as well as launch operations in Hyderabad. JustDeliveries aims to grow and expand to 8-10 Indian cities over the next 3-4 years. The startup has developed a cold chain solution and has partnered with QSRs, cafe chains, and brands specializing in fresh and frozen products.
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Sykdo Bags $5 Mn To Streamline Cross-Border Online Payments For Small Businesses
Inc42
ยท
12m ago
Medial
Skydo, a payment technology company, has raised an undisclosed amount in a funding round led by Elevation Capital. The round also saw participation from several angel investors. This marks the second equity investment for Skydo, following a $5 million raise in its first institutional round from Elevation Capital in 2022. The funding comes as the company awaits a payment aggregator cross-border license from the Reserve Bank of India (RBI).
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MeetRecord Bags $2.7 Mn To Enhance AI Sales Coaching Platform
Inc42
ยท
1y ago
Medial
Bengaluru-based startup MeetRecord has raised $2.7 million in a Pre-Series A funding round led by SWC Global. The funds will be used to enhance its AI-powered revenue automation product. Earlier this year, MeetRecord had secured $310,000 in funding from All In Capital and Powerhouse Ventures.
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Fabrication Bazar Bags $3 Mn To Solve Steel Fabrication Challenges
Inc42
ยท
11m ago
Medial
Fabrication Bazar, an asset-light startup addressing challenges in India's steel fabrication industry, has raised $3 million in a Pre-Series A funding round. Led by Physis Capital, the round also saw participation from ICMG and Inflection Point Ventures. The funds will be used to enhance the company's technology platform, expand into the GCC and Southeast Asian markets, and strengthen leadership roles. The successful funding round validates Fabrication Bazar's focus on efficiency, cost-effectiveness, and quality standards.
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InfoEdge backs ShipGlobal to fuel its logistics offerings for Indian SMEs globally
Inc42
ยท
1y ago
Medial
ShipGlobal, a cross-border logistics startup based in New Delhi, has raised $2.5 million in a seed funding round led by InfoEdge Ventures. The startup plans to use the funds to enhance its technology capabilities, expand its business operations, and grow its global footprint. ShipGlobal offers cost-effective global logistics solutions for Indian SMEs, simplifying the process of global logistics through services such as customs clearance and real-time rates. The company has already delivered over half a million packages with a gross merchandise value of over INR 3,000 Cr.
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ProcMart Bags $30 Mn To Boost Supply Chain Integration For Businesses
Inc42
ยท
1y ago
Medial
Noida-based B2B procurement marketplace ProcMart has raised $30 million in a Series B funding round led by Fundamentum Partnership and Edelweiss Discovery Fund. The company plans to use the capital to explore strategic acquisitions, expand its distribution network, strengthen international operations, and enter new industries. ProcMart connects stakeholders in the supply chain, offering comprehensive solutions for indirect sourcing requirements. The startup currently operates in 20 cities in India and in Malaysia and Indonesia. ProcMart had previously raised $10 million in a Series A funding round.
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