Logistics-SaaS startup Pidge has raised ₹120 crore in its Series A round, led by Spain-based investment firm La Vida es Chula (LVEC). This marks LVEC’s maiden investment in India. The fresh funds will support Pidge’s plans to strengthen its tech stack, expand into smaller Indian cities and build capacity for its next growth phase.
Capital Deployment for Tech, Product and Geographic Expansion
Pidge will use the new capital to deepen its product and engineering capabilities, invest in AI-powered logistics tools and accelerate entry into tier II and tier III cities. The company is also preparing pilots in select international markets as part of its expansion roadmap.
Platform Combining AI with Interoperable Supply Networks
Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge offers an operating-system layer that integrates brand fleets with regional vendors and third-party logistics providers. Its platform claims to support over 20,000 brands across quick-commerce, retail, apparel, pharma and food verticals in more than 50 cities. Pidge differentiates itself by positioning as a supply-agnostic, interoperable layer bridging organised and unorganised delivery channels.
Its AI allocation engine, in its second version, has reportedly reduced order allocation time from an industry average of 100+ seconds down to under 30 seconds — a key enabler for ultra-fast delivery models.
Early Traction and Future Targets
Pidge ended FY25 with approximately ₹25 crore in operating revenue, claiming a 10× year-on-year growth. The company is on an annualised run rate near ₹250 crore, and expects to cross ₹200 crore revenue in FY26 and achieve EBITDA positivity by FY27.
Final Take
Pidge’s sizeable Series A round and expansion strategy reflect rising investor interest in logistics infrastructure tailored for India’s non-metros. As delivery networks stretch deeper into smaller cities, interoperable, AI-driven supply layers like Pidge may become foundational to the next wave of logistics growth.
