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# This Indian logistic firm raised $3 million in a pre-Series A round
- URL: https://www.techloy.com/pidge-raised-3-million-in-a-pre-series-a-round/
- Published: 2023-03-07T16:14:23.000Z
- Updated: 2023-03-07T16:14:23.000Z
- Author: Emmanuel Oyedeji
- Tags: Logistics, Tech in India

Logistics firm Pidge has raised $3 million in a pre-Series A roundled by Mountain Partners and with participation from existing investor Indian Angels Network (IAN).

The new round follows the $1 million funding from the IAN in 2021\. Prior to this, the founders had bootstrapped the company with $2 million.

Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge is an on-demand last-mile B2B logistics platform. It combines SaaS company and Network capability creating India's first hybrid fulfillment platform.

The startup claims to have enabled over 5 million deliveries and onboarded 400,000 network users, so far and operates across 5 cities in the Delhi-NCR region – Delhi, Noida, Faridabad, Gurgaon, and Ghaziabad.

The company said in a press release that the capital will be deployed towards scaling up its logistics SaaS solutions offering and making accessible to everyone.