India-based firm hauls in $30m to simplify logistics

Pando co-founders Abhijeet Manohar (left) and Nitin Jayakrishnan / Photo credit: Pando

Reliance on ecommerce has intensified within the past few years, but the pandemic, geopolitical tensions and government restrictions have disrupted the global supply chain.

Over the course of a decade, companies are expected to see losses equal to nearly half of what they make in a year.

US- and India-based Pando is looking to solve this issue and has raised funding to help it do so. Iron Pillar led the round with a US$12 million injection.

Funding details

• Funding amount: US$30,000,000
• Lead investors: Iron Pillar
• Other investors: Uncorrelated Ventures, Nexus Venture Partners, Chiratae Ventures (IDG Ventures), Next47
• Stage: Series B
• Source

The company offers an end-to-end platform that handles the order-to-fulfillment process for distributors, retailers, manufacturers, and third-party logistics providers.

The firm said its no-code, AI-powered platform reduces costs, shrinks carbon footprints, and improves the service levels of its clients.

Pando caters to businesses in consumer products, automotive, retail, and chemicals – counting Nivea, Nestle, and Johnson & Johnson, among the platform’s users.

Founded by Nitin Jayakrishnan and Abhijeet Manohar in 2015, Pando last raised US$9 million in its series A round in January 2020.

See also: GogoX and Delhivery: A tale of two logistics IPOs

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