Pidge, the supply marketplace and interoperable last-mile logistics platform, has successfully raised Rs 120 crore ($13.6 million) in growth capital. The funding round was led by La Vida es Chula (LVEC), the entrepreneur-led fund founded by Thomas Meyer, and saw participation from existing investors.
The Gurugram-based company plans to utilize the capital for:
-
Deeper penetration into Tier II and Tier III markets.
-
Establishing product and tech leadership.
-
Piloting its logistics operating system in select international markets.
Co-founded in 2019 by Rushil Mohan and Ratnesh Verma, Pidge offers a technology-driven logistics intelligence platform that enables reliable, flexible, and secure last-mile deliveries for enterprises across quick commerce, e-commerce, retail, pharma, and F&B. The platform aims to become the Operating System (OS) for last-mile delivery using its proprietary AI-led technology stack, which includes innovations like Titan and MORRE.
Pidge currently serves over 20,000 brands across more than 50 cities, with partners like Zomato, Swiggy, KFC, and Tata1mg. The company reported a 10x year-on-year growth and is operating at an annualized run rate of Rs 250 crore. It competes with major players such as Shiprocket, Holisol, and ShipBob.
By: Sandhya Bharti
