Get All Access for $5/mo

Logistics Tech Company Kale Logistics Raises $5 Mn In Series A Round From Inflexor Ventures The company aims to utilize the amount towards product enhancement and global business growth, by deploying the solution at additional overseas airports, ports, and enterprise cargo handling customers

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Kale Logistics

Technology-focused VC fund Inflexor Ventures on Thursday announced its investment in a logistics tech company Kale Logistics. The total size of the Series A round is $5 million. The round is led by Inflexor Ventures along with participation from the existing investors. From Fund II, Inflexor Ventures has since November 2020, invested in four companies including Steradian Semiconductors, PlayShifu, and Vitra.ai.

"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," said Pratip Mazumdar, partner, Inflexor Ventures.

The company aims to utilize the amount towards product enhancement and global business growth, by deploying the solution at additional overseas airports, ports, and enterprise cargo handling customers.

"Our community platforms for ports and airports have a huge opportunity with demand for digitization accelerating at a fast pace. We are excited about having Inflexor as our investor partner as we move forward towards the next orbit of growth," stated Amar More, co-founder, Kale Logistics.

The vision is to drastically reduce the 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. The solutions enable collaboration in real-time while providing end-to-end visibility of every process and shipment.

"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," added Vipul Jain, chairman, and co-founder, Kale Logistics.

The company's flagship product, known as UPLIFT is a cargo community platform for airports and seaports which facilitates cross-border commerce and cargo digitization.

Prabhjeet Bhatla

Former Staff

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

News and Trends

Broadcom Stock Soars on AI Growth Outlook

Broadcom's next-generation AI chips, built with advanced 3-nanometer technology, are set to debut in the spring

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.