Mumbai-based logistics SaaS startup Kale Logistics has secured $30 Mn in a Series B funding round led by the private equity (PE) firm Creaegis Advisors LLP.
“The investment will fuel Kale’s mission to develop and deploy robust Cargo Community Systems to transform global logistics beyond regional boundaries,” the startup said. The funding round comes almost two years after it announced a $5 Mn Series A investment from Inflexor Ventures in 2021.
Incorporated in 2009 by Amar More, Rajesh Panicker and Vineet Malhotra, Kale Logistics offers software solutions for the logistics industry.
The cofounders said on the funding, “We are thrilled to partner with Creaegis for our global expansion, leveraging their operational value add and SaaS experience. Together with our esteemed group of existing investors, we are well-positioned for the next phase of growth.”
Kale’s flagship product is the Cargo Community Platform, which offers a single source of data to support operational flows, disseminating information to various stakeholders and facilitating the paperless exchange of trade-related data between stakeholders.
The Cargo Community Platform brings all stakeholders of the cargo value chain onto a single platform, eliminating redundancies and bringing communication to disjointed systems. Kale’s other offerings include SaaS solutions catering to a wide network of Logistics Service Providers (LSPs) and helping strengthen and improve their operational and business capabilities.
Kale looks to reduce the complexities involved in cargo movement at airports and seaports by using its integrated platforms and ERP solutions for all stakeholders.
Prakash Parthasarathy, managing partner & CEO of Creaegis, added, “The global logistics industry is undergoing a rapid digital disruption with a need for intelligent automation and end-to-end visibility through all nodes. This transformation is led by smart and centralised technology platforms. Kale, with its category-defining Cargo Community Platforms and a suite of SaaS solutions, is leading this disruption by digitising and automating end-to-end cargo operations in airports and seaports.”
Kale has offices in India, UAE, Kenya, Netherlands and the USA. It engages with more than 100 airports and seaports worldwide in 35+ countries.
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