Oorjaa, a technology-enabled platform for the Intra-City logistics industry, announced today that it has raised Rs 9 crore in a pre-Series A fundraising round headed by Inflection Point Ventures in a business-to-business (B2B) logistics company.
According to the statement, a number of high-net-worth individuals (HNIs) participated in the round, both personally and through Vinners’ angel investment platform.
Sandeep Patil, Prashant Mohite, and Yogesh Parab launched Oorjaa in November 2019. “Our experience of interacting with IPV has been very fulfilling with complete handholding during the entire process. Their quality of diligence and in-depth understanding of the space we are operating in tilted us to onboard them as lead investors in Oorjaa,” Sandeep Patil, CEO and one of the co-founders of Oorjaa said.
The startup claims to provide highly effective technology-driven logistics solutions, including auto-routing, network optimization, data analytics, trip management, and highly efficient operating processes managed by highly competent and trained personnel.
Its greatest strength, according to the statement, is having exclusive technologies for optimizing logistics operations, as well as a diversified group of founders with decades of expertise in developing products and enterprises.
Oorjaa plans to use this round of funding to focus on product and technology development, as well as expanding into new geographies and meeting working capital needs, according to the company.
“In last 2 years, we have achieved product-market fit with bootstrapped capital. With this fund raise, we target to grow multi-fold across geographies and offer digitalized and intelligent logistics solutions to our clients with a sole focus to optimize their intra-city logistics requirements,” Sandeep adds.
Since its inception, Oorjaa has expanded to more than 15 cities, 30+ Hub locations, conducting 4000+ orders per day with 200+ Vehicles (inclusive of EV Cargo Vehicles, promoting sustainability).
Speaking on the investment, Mitesh Shah, Co-Founder, Inflection Point Ventures said, “Timely movement of goods without any damage to the product has always been the companies’ primary need. As many companies move high-value products or look for tracking of shipment, tech solutions are the go-to solutions. Understanding this gap, Oorjaa successfully designed a technology-enabled logistics solution which provides end-to-end automation for varied delivery requirements.”
He further added, “The company has already witnessed a fast growth since 2019 and has some of the well-established brands as a part of its clientele like Flipkart Wholesale, Jio Mart, Udaan, Zomato Hyperpure, Big Basket amongst others.
