The supply chain visibility startup, Intugine has raised INR 19 crore in a pre-series A round led by Mela Ventures and co-financed by Kaleesuwari Group and Innoport.
Notably, the funding round also saw participation from investors, including Harsh Shah, Founder, Saas, Anshul Rai, Co-founder and CEO, Happay and Kashyap Deorah, Founder and CEO, HyperTrack. Meanwhile, existing investor Kanav Hasija, Co-founder, InnovAccer, also participated in this funding round.
A press release from Intugine noted that the funds raised will be deployed to fuel product development, explore global markets and expand its team across product, data and GTM functions.
Harshit Shrivastava, Co-founder and CEO, Intugine, noted that eEnterprise supply chains rapidly evolve to support omnichannel buying and distribution, making operations increasingly complex and cost-intensive.
'With improved visibility, enterprises can substantially reduce their operational costs, improve their margins and deliver exceptional customer experience,' he added.
Krishnakumar Natarajan, Managing Partner, Mela Ventures, said, 'The dynamic and evolving logistics landscape has made the need for visibility into supply chain networks a necessity for success.'
At present Intugine claims to track over ten million shipments on their platform for 75 global customers across the chemical, automotive, building materials, consumer durables, FMCG, retail and e-commerce industries.
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