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JIIF leads $1 Mn round in logistics automation startup Elixia

Entrackr · 9m ago

Medial

Elixia Robotics, a logistics automation startup founded in 2022 by Sanket Sheth, has raised $1 million in a pre-Series A funding round led by JITO Incubation and Innovation Foundation (JIIF), with participation from investors including Motilal Oswal, Vimal Shah, Sparsh Jain, Vinod Dugar, Vimal Khinvasara, Ashok Shah, and Amit Chandwar. The new funding will be directed towards expanding Elixia’s presence in the Middle East, where it aims to deliver advanced logistics solutions tailored to the specific needs of regional businesses. The company focuses on providing comprehensive software solutions to streamline supply chain operations, including transport management systems and logistics control towers. Elixia plans to enhance its product offerings by integrating Generative AI and Machine Learning, which will improve multimodal visibility and operational efficiency. This integration is intended to provide real-time business-critical insights, enabling logistics operations to be executed with greater efficiency and transparency. Notably, Elixia has already served major clients such as Flipkart, Hershey’s, Pidilite, and UPL. JIIF, which facilitates access to the startup ecosystem for its members, has invested over Rs 150 crore in more than 80 early-stage companies and has incubated 50 Jain founder startups. As AI is projected to contribute significantly to the global economy—up to $15.7 trillion by 2030—Elixia’s focus on AI and ML positions it well to capitalize on these trends in the logistics sector.