Latest News | Pidge Raises USD 1 Mn from Indian Angel Network

Mumbai, Nov 25 (PTI) 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.

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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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)