India settled real-time multimodal supply chain visibility startup, Intugine has raised Rs 19 crore in pre-series A round funding led by Mela Ventures, Kaleesuwari Group, and Innoport.
The round also saw participation from a group of angel investors including Harsh Shah (Co-founder of Fynd), Anshul Rai (Co-founder and CEO of Happay), and Kashyap Deorah (Founder & CEO of HyperTrack).
Existing investor Kanav Hasija, Co-founder of InnovAccer, also participated in this round.
“The funds raised will be deployed to fuel product development, explore global markets and expand its team across Product, Data, and GTM functions,” the startup said.
Speaking on the fundraise, Harshit Shrivastava, Co-founder & CEO, of Intugine, said, “Enterprise supply chains are rapidly evolving to support omnichannel buying and distribution, making operations increasingly complex and cost-intensive. We have built a technology platform that gives enterprises end-to-end visibility of their shipments and greater control over their logistics operations. With improved visibility, enterprises can substantially reduce their operational costs, improve their margins and deliver exceptional customer experience.”
Commenting on the funding round, Krishnakumar Natarajan, Managing Partner, Mela Ventures, said, “The dynamic and evolving logistics landscape has made the need for visibility into supply chain networks a necessity for success. It is high time for brands to invest in sophisticated technology to support their consumers’ rapidly changing purchasing behavior. We are excited to partner with Harshit, Mrinal, and Ayush in their quest to digitally transform global supply chains and be an integral part of their growth story.”