Logistics solutions provider OORJAA raises Rs 5.35 crore in pre-Series A round 2

OORJAA, a logistics technology company that claims to specialise in sustainable last-mile and mid-mile delivery solutions, has raised Rs 5.35 crore in its pre-Series A round 2, the company announced on Thursday, October 12.
 
The latest round was led by Inflection Point Ventures (IPV). Other investors, like Vinners Platform, Soonicorn Ventures, and HEM Angels also took part in the round.

"The logistics industry plays a pivotal role in virtually every business. However, it remains largely unorganised due to its multifaceted and uncontrolled factors. OORJAA has embarked on a transformative journey to address these challenges, providing end-to-end automation solutions for diverse delivery requirements," said Mitesh Shah, co-founder, IPV.

OORJAA will use the funding for scaling the PiE KART platform, technology development, and expanding the team.

The company launched the app-based product PiE KART recently, which offers intra-city delivery solutions. It accomplishes this by employing shared trucks for same-day delivery, catering specifically to the needs of small and medium-sized enterprises (SMEs).

"With this Round 2 funding and the recent launch of PiE KART, we are entering the next phase of our expansion. Our commitment is to revolutionise last-mile and mid-mile logistics through advanced technology," commented Sandeep Patil, CEO & co-founder of OORJAA.

Recent developments in the startup space

This week, e-commerce company Meolaa, which is offering a one-stop-shop to bridge the gap between sustainability and lifestyle, received $2 million in seed funding led by Turbostart.

On the other side, insurtech platform InsuranceDekho on Wednesday, October 11, updated that it had raised $60 million in its ongoing Series B funding round, taking its total fundraise to over $200 million this year.

Other startups like F&B startup Greto, co-working company iSprout and D2C brand eske among others have raised funding this week.