N47 has announced a $30M investment in Pando, a logistics technology startup, as part of their Series B funding round, reflecting a commitment to innovation in the logistics sector.
Information on the Target
Pando is transforming the logistics sector with its innovative logistics management solutions. By simplifying and optimizing shipping processes, Pando addresses the inefficiencies inherent in traditional Transportation Management Systems (TMS), which often suffer from cumbersome implementation and lack real-time connectivity. Since its inception, Pando's offerings have gained traction among significant manufacturers and retailers in India, showcasing its potential for scalability.
Since partnering with N47, Pando has successfully expanded its footprint into the United States. The company has attracted a reputable client base that includes industry giants such as Procter & Gamble, Nestlé, and Johnson & Johnson. By leveraging advanced analytics and a modular architecture, Pando's platform has earned considerable trust, evidenced by its relationship with thirty Fortune 500 clients.
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Industry Overview in India
The logistics and supply chain industry in India is currently experiencing a rapid transformation, driven by digitalization and increased demand for efficiency. As businesses aim to create globally resilient supply chains, there
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invested in
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in 2023
in a Series B deal
Disclosed details
Transaction Size: $30M