IT solutions provider Kale Logistics announced it has raised $5 million in its Series A funding round led by Inflexor Ventures, a technology-focussed VC fund, while other existing investors also participated in the round.
“The startup aims to utilise the funds towards product enhancement and global business growth, by deploying its solutions at additional overseas airports, ports and enterprise cargo handling customers,” said a company release.
A trusted IT logistics partner for Fortune 500 companies worldwide, Kale Logistics objective to reduce complexities involved in the cargo logistics processing at airports, seaports and customs checkpoints, using their cloud-native integrated platform and ERP solutions for all stakeholders in the logistics industry has been on a steady incline within the industry.
UPLIFT, the company’s flagship product and a benchmarking cargo community platform for airports and seaports has been facilitating digitisation of cross-border commerce and cargo. The solution enables collaboration in real-time while providing end-to-end visibility of every process and shipment.
Amar More, Co-founder, Kale Logistics said, “Our community platforms for ports and airports have a huge opportunity with demand for digitisation accelerating at a fast pace.”
Pratip Mazumdar, Partner at Inflexor Ventures said, “Our investment in Kale Logistics fits our thesis of investing in category-defining, enterprise-grade, and vertical SaaS products addressing the global market. The company is led by a stellar team with demonstrated capabilities of executing a global go-to-market strategy.”
“We believe Kale Logistics will play a pivotal role in radically transforming global cross-border commerce at airports and ports led by trade facilitation reforms initiated by the UN and various countries.”
Vipul Jain, Chairman and Co-founder of Kale Logistics said, “This is our first fundraise with an external investor and we are happy to partner with Inflexor because of the alignment of vision for the business and their understanding of the SaaS space. We are confident that they will add value to the company as we shift gears to a faster growth trajectory.”
