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Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round

EntrackrEntrackr · 3m ago
Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round
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 12–18 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 12–18 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 Shein—leveling 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.

Vidyut raises $10 Mn in Series A led by 3one4 Capital

EntrackrEntrackr · 1y ago
Vidyut raises $10 Mn in Series A led by 3one4 Capital
Medial

EV financing and vehicle lifecycle management platform Vidyut has raised $10 million in its Series A round led by 3one4 Capital. The round also saw participation from new and existing investors including Saison Capital, Zephyr Peacock, Force Ventures, Alteria Capital and Udaan CEO Sujeet Kumar. The Series A round is a mix of equity and debt funding. Entrackr had exclusively reported about Vidyut’s new fundraise earlier this month. Previously, it closed its seed round of $4 million in a mix of equity and debt led by Force Ventures and others in December 2022. This funding emphasizes the company’s commitment to improve EV ownership for SMBs and the startup will utilize the new funds to scale its offerings to the EV ecosystem, the startup said in a press release. Vidyut, which offers EV insurance, lifecycle management, and EV resale, is also looking to expand its presence to 40 Indian cities. The company will also double its team size by the end of FY25 as it prepares to build a full stack EV ecosystem. Founded in 2021 by Xitij Kothi and Gaurav Srivastava, the company offers a battery subscription ownership plan powered by proprietary asset-underwriting algorithms. It already offers ownership solutions for Mahindra, Piaggio, Altigreen, Murugappa Group’s Montra Electric, Euler Motors and OSM vehicles. The two-year-old company was in the pre-revenue stage until FY23 and posted an income of Rs 68 lakh with a loss of Rs 3 crore during the last fiscal year. In the electric vehicle financing space, Vidyut competes with Revfin, Finayo, Mufin Green Finance, OTO, evfin, and Hero FinCorp, among others. The Indian startup ecosystem has seen an uptick in funding for EV financing focused startups in the past couple of months. In December, Revfin raised $14 million in Series B round while Mufin and OTO raised $17 million and $10 million, respectively, earlier this month.

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