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The India-based logistics tech company, Kale Logistics has raised $5 million in series A round funding led by Inflexor Ventures in participation from its existing investors.
The company aims to utilize the amount towards product enhancement and global business growth, by deploying the solution at additional overseas airports, ports, and enterprise cargo handling customers.
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.”
Speaking on the fundraise, Amar More, Co-founder of Kale Logistics said “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.”
“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,” Vipul Jain, Chairman, and Co-founder added.