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Mumbai based logistics startup Elixia Tech Solutions has secured $1 million in pre-Series A round funding led by Rajasthan Venture Capital Fund (RVCF) in participation with other angel investors.
Elixia Tech is planning to scale up its presence in both domestic and international markets.
Speaking on the funding, Sanket Sheth, Founder of Elixia Tech Solutions said, “This is a very important milestone. While supply chains have evolved from on-ground manual operations to something as advanced as digital twins, majority of companies are still stuck somewhere in between.”
“With the world going through the impact of external changes, it has now become even more imperative to bring in real-time visibility, optimization & transparency in the supply chain. Thus, I believe that now is the right time and the right place to get the right products to make waves in the Indian as well as Global Logistics Market,” Sanket added.
Commenting on the funding in Elixia Tech Solutions, Gaurav Chowdhry, VP, RVCF said, “The growth of supply chain is majorly dependent on the growth of supply chain software solutions market. Supply chain solutions give the power and visibility to monitor processes, identify the exact underperforming areas and gain reliable data-driven insights to efficiently run operations. We are truly impressed with Elixia’s management team, their commitment to providing new-age solutions, and impressive growth.”