Mumbai, India -based Business to Business (B2B) logistics tech platform Oorjaa raised USD 1.17 million (INR 9 crore) on March 8, 2022. Inflection Point Ventures (IPV) led the Pre-Series A funding round.
The round also saw participation from a clutch of high-net-worth individuals (HNIs) who invested personally and via the Vinners angel investing platform.
Oorjaa’s Purpose for Funding-
The B2B logistics tech platform, Oorjaa, intends to use the fresh capital for product and technological development.
They seek to expand into new geographies. Besides, the funds will be used to meet the working capital needs.
What the co-founder of Oorjaa has to say-
“Our experience of interacting with IPV has been very fulfilling with complete hand-holding during the entire process. Their quality of diligence and in-depth understanding of the space we are operating in tilted us to onboard them as lead investors in Oorjaa. In the last two years, we have achieved product-market fit with bootstrapped capital. With this fundraise, we target to grow multi-fold across geographies and offer digitalised and intelligent logistics solutions to our clients with a sole focus to optimise their intra-city logistics requirements,” says Sandeep Patil, CEO and Co-founder of Oorjaa.
What the investor has to say-
“Timely movement of goods without any damage to the product has always been the companies’ primary need. As many companies move high-value products or look for tracking of shipment, tech solutions are the go-to solutions. Understanding this gap, Oorjaa successfully designed a technology-enabled logistics solution which provides end to end automation for varied delivery requirements,” says Mitesh Shah, Co-Founder, Inflection Point Ventures.
“The company has already witnessed a fast growth since 2019 and has some of the well-established brands as a part of its clientele like Flipkart Wholesale, Jio Mart, Udaan, Zomato Hyperpure, Big Basket amongst others. We look forward to extending our expertise in their growth journey,” he further added.
About Oorjaa
Sandeep Patil, Prashant Mohite and Yogesh Parab launched Oorjaa in 2019. It offers tech-driven logistics solutions aided with transformative technological tools. Further, these tools help with auto-routing, network optimisation, data analytics, trip management, and efficient operating processes.
Their clientele includes giant e-commerce, food-tech, and e-groceries companies. Since its launch, the startup has had operations in fifteen cities across 30 hub locations. They conduct over 4000 plus orders per day with 200 vehicles. The vehicles are inclusive of EV cargo vehicles that promote sustainability.
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 logistics tech platform Oorjaa raised USD 1.17 million (INR 9 crore) on March 8, 2022. Inflection Point Ventures (IPV) led the Pre-Series A funding round.){kind=link}