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Pidge raises Rs 120 Cr in growth capital led by LVEC

EntrackrEntrackr · 17d ago
Pidge raises Rs 120 Cr in growth capital led by LVEC
Medial

Pidge, a supply marketplace and interoperable last-mile logistics platform, has raised Rs 120 crore in growth capital led by La Vida es Chula (LVEC), the entrepreneur-led capital fund founded by entrepreneur and investor Thomas Meyer, along with participation from its existing investors. The proceeds will be utilized for deeper penetration into tier II and tier III markets, establishing product and tech leadership, and piloting its logistics operating system in select international markets, Pidge said in a press release. Co-founded in 2019 by Rushil Mohan and Ratnesh Verma, Pidge is a technology-driven logistics intelligence platform committed to enabling reliable, flexible, and secure last-mile deliveries for businesses and individuals. Pidge aims to digitally equalize the logistics ecosystem and become the Operating System (OS) for last-mile delivery. Its proprietary technology stack, including industry-first innovations like Titan and MORRE, forms the backbone of its AI-led reliability engine. According to Pidge, it functions as a comprehensive operating system, integrating visibility, routing, allocation, analytics, and vendor interoperability under one intelligent platform, effectively bridging the gap between the organized and unorganized sectors. “As India manifests its vision of single-digit logistics costs and 2x e-commerce every 3 years, Pidge is poised to be the foundation for that growth with the country’s largest interoperable last-mile logistics platform,” said Ratnesh Verma, co-founder & CEO, Pidge. Through its AI-powered, interoperable platform, the company claims that it serves over 20,000 brands across more than 50 cities, with a growing network of recognized partners including Zomato, Swiggy, KFC, Tata1mg, EatClub, Snitch, and more. It has achieved 10x year-on-year growth and is currently operating at an annualized run rate of Rs 250 crore. It competes with other major players in this space such as Shiprocket, Holisol, ShipBob, and others.

Meesho launches last-mile logistics marketplace Valmo

EntrackrEntrackr · 1y ago
Meesho launches last-mile logistics marketplace Valmo
Medial

Meesho on Wednesday announced the launch of Valmo, a last-mile logistics marketplace that allows the network of micro-entrepreneurs to become Meesho partners and deliver orders in their nearby areas. Presently, only the logistics partners deal with Meesho’s orders but the company may open it for other e-commerce companies as well, a company executive said during a media roundtable. The move appears to be an attempt to raise a logistics infrastructure. “Valmo aims to create a national logistics solution by eliminating entry barriers for local players and helping them grow their businesses,” the company said in a press release. The company said it is building technological capabilities internally as well as with SaaS providers for deliveries through what it describes as the disaggregated network. It has also partnered ElasticRun, FarEye, LoadShare and Shipsy to create tech stack for Valmo. Meesho added that Valmo currently helps manage over 9 lakh orders on a daily basis which accounts for nearly 18% of third party e-commerce shipments in India. “Nearly 3,000 micro entrepreneurs who act as business partners ensure smooth functioning of these operations. This initiative has helped generate 35,000 indirect jobs through sustained engagement with these local partners,” the company said. It is worth highlighting that several companies including Amazon and Myntra have already tried to create such networks for last-mile delivery. That said, the move makes sense for Meesho which has emerged as the third largest e-commerce company after Flipkart and Amazon. Flipkart and Amazon both have separate logistics units: eKart and Amazon Transport Services. Unlike Valmo, both companies are full-fledged logistics units. Raising a full stack logistics infra requires a lot of capital and Meesho appears not to go that way. Meesho continues to work with Delhivery, Shadowfax, XpressBees, Ecom Express, among others for its logistics requirements.

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