Oorjaa has expanded its footprint in more than 15 cities, is expanded to 30 hub locations, conducting 4,000 plus orders is being observed per day with over 200 vehicles. Oorjaa B2B raised funding around Rs. 9 Crore.
Logistics tech platform Oorjaa B2B raised approximately Rs. 9 Crore in a funding round which was led by Inflection Point Ventures. The round involved a hold of inflated net-worth individuals who invested in a personal capacity and through Vinners’ angel investing platform. These funds which will be raised are aimed at the product and tech development, developing into new geographies, and working on capital needs, which was mentioned on Tuesday.
Sandeep Patil, Yogesh Parab, and Prashant Mohite were founded by Oorjaa, each with uniquely diverse and late 2019 complementary skill sets. This tech logistics offers technology-driven logistics solutions that are aided with transformative technology solutions on auto-routing, data analytics, network optimization, trip management, and highly efficient operating processes run by the most skilled and trained manpower.
Oorjaa has expanded its footprint in more than 15 cities, is expanded to 30 hub locations, conducting 4,000 plus orders is being observed per day with over 200 vehicles, which is inclusive of EV cargo vehicles, promoting further sustainability. The company has bootstrapped to a two-digit ARR with founders’ capital which is invested Rs. 40 Lakh.
Tech platform Oorjaa B2B raised approximately Rs. 9 Crore in a funding round
Inflection Point Ventures co-founder mentioned Timely movement of goods without any damage to the product has been the company’s primary need.
Though companies have produced high-value products, tracking of shipment and tech solutions are their most used solutions. Oorjaa has observed this gap and successfully designed a technology-enabled logistics solution, providing whole automation for varied delivery requirements.
Clientele Oorjaa works with companies such as Jio Mart, Flipkart Wholesale, Zomato Hyperpure, Udaan, and Bigbasket among others.
Intra-city logistics segment problem exists in streamlining supply chain processes maintain by real-time solutions to improve the delivery time. The tech logistics company has built a smart tracker which does tracks all the data from the order place to (POD) proof of delivery. They have developed an advanced solution which 5 step intelligent Routing solution which gets order inputs, identify optimal solutions, modify routes, factor available vehicles and it formulates/prepare the best-optimized route place.
Oorjaa expanded its footprint in 15 cities, is expanded to 30 hub locations, conducting 4,000 plus orders.
In the market $3.5 billion is the Intra City Logistics market has made and they expecting to expand its double by 2025. It is at present is served by the unorganized and fragmented transporters with basic working styles.
Its inception in 2018, (IPV) Inflection Point Ventures has stronger members who are around 6000 plus as angel investing in firm thriving to support new-age entrepreneurs, who are proving them monetary and experiential capital by associating them with a diverse group of investors.
In the series funding of A, B, C; IVP explained series A funding. Under the series, money is raised around to scale business by tapping into new markets and it is launching new features or products; which will be used for any financial shortfalls for the company.