Logistics Operations Leader Pando Grabs $2 Million Seed Funding led by Nexus Venture Partners

By SiliconIndia   |   Wednesday, April 18, 2018
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seed fundingPando, a dominant name in digital logistics operations for Fortune 500s, and a global blue-chips and logistics company, raises $2 million in seed funding. This funding was led by Nexus Venture Partners with the help of Kashyap Deorah of Hypertrack, Girish Mathrubootham of Freshdesk, Nishant Rao of Sirion Labs (Ex-LinkedIn India MD), and P Balaji from Vodafone (Ex-Nokia, Sony Ericsson India MD).

Statistics show that in India, outsourced logistics rakes up to $200 billion every year and the number is almost $10 trillion internationally. Recently, a lot of digitisation happened in the supply side of the ecosystem and Pando is built to help enterprises by digitizing, monitoring and optimizing their supply chain operations.

Nitin Jayakrishnan, Founder & CEO, says, “This investment is a shot in the arm for the team to continue to reimagine logistics — from being a heavy, cumbersome cost-center, to being a robust, digital foundation to any business. We have seen encouraging adoption from Fortune 500s and global blue-chips. We will continue to focus on product and people, to ease and enable commerce through digital deliveries.”

Pando helps companies to control their fragmented multi-layered logistics ecosystem from a single screen. Pando’s team has some of the largest companies in the country as clients namely Sandisk, Microsoft, SAP, Oracle, Think Design, Honeywell, Ernst & Young, Freshworks, Airbnb, Shadowfax and many more.

Sandeep Singhal, Co-Founder & MD, Nexus Venture Partners, says, “Pando is enabling enterprises to turn their supply chain management function from a cost-center to a source of competitive differentiation by providing real time visibility and seamless digital links across the value chain. Pando’s clients are so happy with the product that they’re conducting workshops for each other to make the most of it. This kind of love from large marquee enterprise clients shows the team’s domain understanding, and focuses on customer success, and convinced us to partner with them in bringing about this transformation not just with Indian clients but also in global markets.”

Founded in 2006, Nexus Venture Partners is a venture capital firm which specializes in seed, startup, growth capital and early stage investments. They believe innovation is the key to any entity’s progression and they focus on teams who have passion and vision to change the world through the idea they have. Nexus identifies Pando as the right enterprise suite which helps enterprises of all sizes, digitizes and optimizes their supply-chain operations.

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