Provide chain software program platform has raised $30 million in a Sequence B funding spherical led by marquee Silicon Valley traders Iron Pillar and Uncorrelated Ventures, with participation from present traders , , and .
The spherical additionally noticed participation from a number of outstanding American CEOs and angel traders, together with David Dorman, Chairman of CVS Well being and Director on the Boards of Dell and Paypal; Tom Noonan, Director on the Boards of the New York Inventory Trade and SalesLoft; Scott Kirk of Bain Capital; Paul Brown of Dunkin, Baskin-Robbins, and Neiman Marcus; Nick Mehta of Gainsight; and Amar Goel of Pubmatic.
Chennai-based Pando plans to make use of the funds to drive its development throughout geographies and industries.
Up to now, the startup has raised a complete of $45 million, together with the most recent funding.
“The logistics expertise market is ripe for disruption–there’s excessive demand attributable to volatility, legacy competitors that’s making an attempt to catch up, and a development in direction of bundling level options,” stated Mohanjit Jolly, Accomplice at Iron Pillar.
“Pando addresses the issue with its expertise in India and the US, takes a worldwide view of IP-led product improvement. Their concentrate on constructing a big, long-term enterprise is what received us excited to associate. We’re desirous to leverage its international community of shoppers, companions, strategic capital, and extra to assist speed up its journey,” he added.
Based by Nitin Jayakrishnan and Abhijeet Manohar in 2018, Pando strives to attach varied stakeholders within the provide chain—producers, warehouses, distributors, retailers, retail shops, customers, factories, and their suppliers.
“Our platform permits these manufacturers to automate handbook processes, modernise legacy programs, and plug the gaps between instruments with out multi-year transformations, delivering change right here and now,” stated Nitin Jayakrishnan, Pando’s CEO.
Pando lately launched Fulfilment Cloud, a ‘single pane of glass’ to streamline the end-to-end order-to-fulfilment technique of producers, distributors, retailers, and third-party logistics (3PL) suppliers. At present, it has over 50 giant prospects the world over, together with Godrej, Honda, Johnson and Johnson, Accuride, Nivea, Philips, Nestle, Procter and Gamble, and ITC.
“Many giant firms in North America and Europe are consolidating their provide chain expertise from siloed level options to unified platforms and insourcing their logistics from 3PLs,” stated John Zimmerman, CRO – North America and Europe.
“Pando’s answer is well timed; its end-to-end capabilities and quantifiable value-driven success tales with marquee international manufacturers are driving important traction within the US market, the place provide chain leaders are clamouring for change,” he added.
