Logistics tech startup Kale Logistics has raised $5 million as a part of its Series A funding round, led by Inflexor Ventures. It plans to use the new capital to enhance its product and bankroll its global business growth efforts, which involves deploying its solution at additional overseas airports, ports, and enterprise cargo handling customers.
Founded by Amar More, Vineet Malhotra, and Rajesh Panicker, Kale Logistics also has industry pioneers such as Narendra Kale and Vipul Jain, the ex-founders of Accelya Solutions, as a part of the core founding team.
Commenting on the investment, Pratip Mazumdar, Partner at Inflexor Ventures said “Our investment in Kale Logistics fits our thesis of investing in category-defining, enterprise-grade, vertical SaaS products addressing the global market. The company is led by a stellar team with demonstrated capabilities of executing a global go-to-market strategy. We believe Kale Logistics will play a pivotal role in radically transforming global cross-border commerce at airports and ports led by trade facilitation reforms initiated by the UN and various countries.”
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Inflexor Ventures has made this investment from its Fund II. This marks Inflexor’s fourth investment from its Fund II since November 2020, following up on its capital injections into Steradian Semiconductors, PlayShifu, and VitraAI.
“Our community platforms for ports and airports have a huge opportunity with demand for digitization accelerating at a fast pace. We are excited about having Inflexor as our investor partner as we move forward towards the next orbit of growth,” said Amar More, co-founder, Kale Logistics.
The company’s flagship product, known as UPLIFT, is a cargo community platform for airports and seaports which facilitates cross-border commerce and cargo digitization.
“This is our first fundraiser with an external investor and we are happy to partner with Inflexor because of the alignment of vision for the business and their understanding of the SaaS space. We are confident that they will add value to the company as we shift gears to a faster growth trajectory,” added Vipul Jain, chairman, and co-founder of Kale Logistics.
