B2B logistics startup Pidge raises $1 mn from Indian Angel Network

B2B logistics startup Pidge has raised USD 1 million from the Indian Angel Network for its recent expansion to Chandigarh and building on the product pipeline, a release said on Thursday.

The fresh capital would also help the firm invest in building its tech-capabilities to deliver routing and assignment efficiencies, it stated.

The logistics company has recently launched its services in the Chandigarh Tricity area guaranteeing its business partners same day delivery even if the pickup was from Delhi, as per the release.

Apart from Chandigarh, the platform also has a presence in Delhi-NCR.

Pidge said it has an exciting pipeline of projects including hybrid SaaS and service fulfilment solutions.

We saw an enormous opportunity in the last mile logistics space driven by behavioural changes in the supply and demand side and compounded by the problems created by current incumbents.

We are excited to be a part of IAN’s network and welcome accomplished individual investors to help Pidge be the best last mile logistics company, Ratnesh Verma, Co-Founder of Pidge.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor