B2B logistics tech platform Oorjaa has raised around Rs 9 crore or $1.1 Mn in its pre-Series A round led by Inflection Point Ventures. The round also saw participation from a clutch of HNIs who have invested in a personal capacity and through Vinners angel investing platform.
According to the Bengaluru-based startup, the funds will be used to focus on product and tech development, expanding into new geographies and on working capital requirements.
Oorjaa was founded by Sandeep Patil, Prashant Mohite and Yogesh Parab, Oorjaa offers 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.
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.”
Sandeep Patil, CEO & Co-Founder, Oorjaa says, “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.”