Intugine Raises INR 19 Crore In Pre-Series A Funding The fund raised will be deployed to fuel product development, explore global markets and expand its team across product, data and GTM functions

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

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

Company handout

Intugine, a real-time multimodal supply chain visibility startup, has raised INR 19 crore in a pre-Series A funding round led by Mela Ventures and co-financed by Kaleesuwari Group and Innoport. The round also saw participation from marquee investors, including SaaS founders Harsh Shah (co-founder of Fynd), Anshul Rai, (co-founder and CEO of Happay) and Kashyap Deorah, (founder and CEO of HyperTrack). Existing investor Kanav Hasija, (co-founder of InnovAccer) also participated in this funding round. The fund raised will be deployed to fuel product development, explore global markets and expand its team across Product, Data and GTM functions.

"We have built a technology platform that gives enterprises end-to-end visibility of their shipments and greater control over their logistics operations. With improved visibility, enterprises can substantially reduce their operational costs, improve their margins and deliver exceptional customer experience," said Harshit Shrivastava, co-founder and CEO, Intugine.

Intugine's comprehensive multimodal solutions are helping businesses track their shipments across full truck loads, partial truck loads, ocean and rail transportation. Today, they track over 10 million shipments on their platform for more than 75 global customers across the chemical, automotive, building materials, consumer durables, FMCG, retail and e-commerce industries. Their solutions have enabled companies to reduce excess inventories by more than 30 per cent, claimed by the company in a statement.

"The dynamic and evolving logistics landscape has made the need for visibility into supply chain networks a necessity for success. It is high time for brands to invest in sophisticated technology to support their consumers' rapidly changing purchasing behaviour. We are excited to partner with Harshit, Mrinal and Ayush in their quest to digitally transform global supply chains and be an integral part of their growth story," said Krishnakumar Natarajan, managing partner, Mela Ventures.

Founded in 2017 Harshit Shrivastava, Ayush Agrawal and Mrinal Rai, Intugine is a real-time multimodal supply chain visibility enabler that is helping businesses optimise and digitise their logistics operations.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

HairOriginals Secures USD 5 Mn in Series A Funding to Expand Global Footprint

The fresh capital will be deployed to expand the startup's on-demand "Try at Home" services to 40 cities, bolster research and development (R&D), and establish 25–30 company-owned experience centers within the next year.

News and Trends

Dassault Systemes' Bets On Indian Startups; Says It Can Make Waves Globally

Dassault Systemes' long-term vision for the Indian startup ecosystem focuses on addressing the critical challenge of industrialization, which is a significant hurdle for startups globally, says Frédéric Vacher, head of innovation, Dassault Systèmes

Business News

Walmart Is Laying Off Hundreds, Relocating Others as the Company Closes a U.S. Office

Walmart is giving some employees at least a month to decide if they want to relocate.

News and Trends

Great Learning Bets on AI to Fuel its Next Phase of Growth

These AI-led innovations are expected to pave the way for quality education to become more accessible to millions of learners

News and Trends

India's Automobile Sector to Witness Tempered 1.5% Growth Outlook in FY25: Report

At the beginning of the year, the PV market experienced a temporary boost driven by channel filling, following strong retail sales and reduced inventory levels in December. However, this momentum is unlikely to be sustained as rising discounts are expected to dampen market growth in the coming months.