Axilor, angels back AI-powered logistics platform Transporter.city
Gurugram-based artificial intelligence (AI)-enabled logistics platform Transporter.city has raised an undisclosed amount from seed fund Axilor, private equity firm Touchstone Equities and angel network Lead Angels.
The funds raised will be leveraged to bolster the startup’s technology capacity and build on its service capabilities across India, a statement issued by the company said.
A few undisclosed angel investors have also participated in the funding round.
The startup powers automation of last-mile, hyperlocal logistics. It provides a location-enabled platform for facilitating operations in the e-commerce, logistics, food, groceries, waste management and healthcare sectors.
Among Transporter.city’s SaaS (software-as-a-service) offerings is an AI-enabled delivery CRM (customer relationship management) for automating logistical functions. The tool helps users plan deliveries, reduce delivery costs by optimising routes and reduce failed attempts among other things, the statement added.
The startup also provides location-based software development kits (SDKs) that can be integrated to mobile apps to track on-field operations, shipping and engagement between users and employees.
Founded in 2015 by Shailendra Singh and Soumya Arora, the startup has been building a network of delivery stations operated by local vendors to implement their logistics functions.
Earlier this month, another logistics startup Rivigo raised funds amounting to $65 million from Warburg Pincus and SAIF Partners. The funding, part of its ongoing E series round will be harnessed to bolster its technology capabilities and network coverage.
LogixGRID, also based in Gurugram, deployed its AI-powered voice assistant christened Logix SMART to carry out tasks such as tracking shipments and scheduling pick-ups.