Logistics-tech startup Enmovil has raised Rs10 crore or $1.3 million in Pre-Series A funding led by Anicut Angel Fund along with participation from KCT Group, Blackbird Investments Pvt. Ltd. and RB Investments. The company had raised around Rs3 crore from Emergent Ventures in its seed round.
The firm will utilize the fund to boost their innovation journey and technology solutions for field and yard logistics.
Founded in 2015 by Ravi Bulusu, Nanda Kishore and Venkat Moganty, Enmovil delivers a Business Intelligence Platform, enabling organizations to boost their operational efficiency by using ML driven algorithms that leverage the power of IoT and super-integration of data from diverse unstructured sources to automate material and fleet movement from warehouse to the dealer.
The Telangana-based software platform has grown from monitoring 500 vehicles to over 20,000 vehicles, supporting clients such as HPCL, BPCL, Maruti Suzuki.