OORJAA, a logistics solutions company, has successfully raised INR 5.35 crore in its pre-Series A funding round 2 from Inflection Point Ventures (IPV), Vinners Platform, Soonicorn Ventures and HEM Angels. The funds will be dedicated to scale the PiE KART platform, advance technology and expand the team.
While highlighting the company’s impressive 5.0 times growth since Round 1, led by IPV, Sandeep Patil, CEO and Co-founder of OORJAA said,”With this Round 2 funding and the recent launch of PiE KART, we are entering the next phase of our expansion. Our commitment is to revolutionize last-mile and mid-mile logistics through advanced technology. Our investors, led by IPV, have been instrumental in our journey towards greater heights.”
Inflection Point Ventures (IPV) is an angel investing platform with over 8600 CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage startups.
Commenting on the recent investment, Mitesh Shah, Co-Founder of Inflection Point Ventures said, “The logistics industry plays a pivotal role in virtually every business. However, it remains largely unorganized due to its multifaceted and uncontrolled factors. OORJAA has embarked on a transformative journey to address these challenges, providing end-to-end automation solutions for diverse delivery requirements.”
About OORJAA
OORJAA is a dynamic and innovative logistics technology company that aims to transform the way businesses manage their last-mile and mid-mile deliveries. With a strong emphasis on technology, efficiency, and sustainability, OORJAA offers a comprehensive suite of solutions designed to optimize logistics operations, reduce costs, and enhance customer experiences. The company said it is on a mission to reshape the logistics landscape, empowered by experienced industry experts and strategic advisors.
Their recently launched app-based product, PiE KART, offers affordable, reliable, and eco-friendly intra-city delivery solutions. It accomplishes this by employing shared trucks for same-day delivery, catering specifically to the needs of small and medium-sized enterprises (SMEs).
