Chennai-based logistics management software startup Pando has secured $9 million in a Series A funding round led by Chiratae Ventures. Next47, existing investor Nexus Venture Partners, and Alok Mittal also participated. The company would deploy the capital towards scaling in strategic markets internationally along with investing in technology and talent.
The two-year-old Pando helps global businesses like Britannia, Marico, Philips and Tata, automate and optimize their freight management, and connects them to logistics vendors and aggregators. (Source)