Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

B2B Logistics tech platform Oorjaa raises in Pre-Series A

Srikanth by Srikanth
March 8, 2022
in Startup news
0
B2B Logistics tech platform Oorjaa raises in Pre-Series A
10
SHARES
129
VIEWS
Share on FacebookShare on Twitter

B2B logistics tech platform Oorjaa has raised around Rs 9 Crores in a Pre-Series A round led by Inflection Point Ventures. The round also saw participation from a clutch of HNIs who have invested in personal capacity and through Vinners angel investing platform. The funds will be used to focus on the product and tech development, expanding into new geographies and on working capital requirements.

Oorjaa was founded by Sandeep Patil, Prashant Mohite and Yogesh Parab, each with uniquely diverse and complementary skill sets in late 2019. Oorjaa offers highly effective technology driven logistics solutions aided with transformative technology solutions on auto-routing, network optimization, data analytics, trip management and highly efficient operating processes run by the most skilled and trained manpower. Their biggest strength is having proprietary tools for optimizing logistics operations, diversely skilled founders with decades of experience in building products and businesses. They have bootstrapped to an impressive two-digit ARR with founders’ capital and investment of just Rs. 40 Lakhs.

Since its launch in November 2019, Oorjaa has expanded to 15+ cities, 30+ Hub locations, conducting 4000+ orders per day with 200+ Vehicles (inclusive of EV Cargo Vehicles, promoting sustainability). Their B2B clientele include some of the most well-known large e-commerce, food-tech & e-groceries companies.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “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.”

He further added, “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.”

In the intra-city logistics segment, the problem exists in streamlining supply chain processes supported by real time solutions to improve the delivery time. Oorjaa has built a smart tracker which tracks all the data from the order placed to POD (Proof of Delivery) and ensures the best results with high rate of accuracy. They have also built a 5 step Intelligent Routing solution to get order inputs, identify optimal solutions, factor available vehicles, modify routes and formulate final best optimized route plan.

Sandeep Patil, CEO & Co-Founder, Oorjaa says, “Our experience of interacting with IPV has been very fulfilling with complete handholding 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 investor in Oorjaa. In last 2 years, we have achieved product market fit with bootstrapped capital. With this fund raise, we target to grow multi-fold across geographies and offer digitalized and intelligent logistics solutions to our clients with a sole focus to optimize their intra-city logistics requirements.”

The Intra City Logistics market is USD 3.5 Bn market & expected to grow by 2X by 2025. It is presently served by the unorganized and fragmented transporters with rudimentary working styles.

Oorjaa aims to leverage AI/ML, IoT tools & intelligent route optimisation algorithms in future to aggregate demand & cross utilise assets (LCV such as TATA Ace/407 & Bolero), along with passing on some of the cost benefits to their clients. They envision becoming an intelligent, innovative and sustainable technology powered preferred logi-tech solution provider by 2025. The team has a strong client pipeline for FY 22/23.

Tags: logistic StartupOorjaa

Popular this week

  • Renesas Expands IoT Footprint with Sequans Acquisition

    Renesas Expands IoT Footprint with Sequans Acquisition

    2127 shares
    Share 850 Tweet 532
  • Y2Mate.com 2023: How to Download Videos and Audios

    241 shares
    Share 96 Tweet 60
  • Top 10 Omegle Alternatives you might like

    333 shares
    Share 133 Tweet 83
  • What is windows modules installer ? How to Enable/Disable

    124 shares
    Share 50 Tweet 31
  • Top 10 YouTube to MP3 Converter Platforms for Free

    97 shares
    Share 39 Tweet 24
  • Does God Play Dice? – A Quantum Perspective

    43 shares
    Share 17 Tweet 11

Latest Stories on TechiExpert

Tamil Nadu CM MK Stalin Unveils Ambitious Startup and Innovation Policy 2023

Tamil Nadu CM MK Stalin Unveils Ambitious Startup and Innovation Policy 2023
Share4Tweet3Share1Pin1

Bengaluru Fintech Startup Converj Targets B2B Payments with Virtual Credit Cards

Bengaluru Fintech Startup Converj Targets B2B Payments with Virtual Credit Cards

Pay for goods by credit card through a smartphone in a coffee shop.

Share4Tweet3Share1Pin1

EaseMyAI raises Rs. 3 Crore in Seed Round led by IPV

EaseMyAI raises Rs. 3 Crore in Seed Round led by IPV
Share5Tweet3Share1Pin1

Veera India’s Mobile Only Internet Browser by Marquee Investors and Entrepreneurs

Veera India’s Mobile Only Internet Browser by Marquee Investors and Entrepreneurs
Share5Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.