Get All Access for $5/mo

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.
News and Trends

D2C Skincare Brand Foxtale Bags USD 18 Mn in Series B led by Panthera Growth Partners

With the raised capital, the Maharashtra-based skincare brand aims to scale its core digital business and concentrate on expanding into new categories.

News and Trends

Wipro Introduces Lab45 AI for Enhanced Business Solutions

With over 1000 GenAI agents and more than 10 GenAI applications, the platform claims to offer no-code and low-code pre-built applications.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

News and Trends

Recur Club Unveils INR 1,000 Cr Debt Offerings for Startups and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Growth Strategies

Edtech Platforms Capitalising On CUET Coaching Market

Be it major Edtech companies, UPSC coaching centres, or neighbourhood tuition academies, everyone is testing the CUET waters to see what opportunities it holds for them.

Growth Strategies

Learn business by doing business across the Globe: The next revolution in Entrepreneurship

As the startup ecosystem sees an influx of new entrepreneurs, the question arises: Is our current business education sufficiently equipping students for the entrepreneurial challenges they will face?