Left to Right Amit Kulkarni (Co-founder & CTO) Ranganath Seetharamu (Co-founder & COO) and Kishan Aswath (Co-founder & CEO) at Mojro.Mojro has raised $3 million in a funding round led by IAN Alpha Fund, with participation from 1Crowd and other existing investors.
The company said the capital will be used to expand its presence in the United States and Southeast Asia, enhance its AI-driven logistics platform, and strengthen its product, engineering and sales teams across India and overseas markets.
“With the differentiated optimisation capabilities that Mojro offers and proven capabilities across the US, India & Southeast Asia, this funding will help us scale faster in these markets and further differentiate our offerings through innovation,” said Kishan Aswath, co-founder & CEO, Mojro.
Founded in 2016 by Kishan Aswath, Amit Kulkarni and Ranganath Seetharamu, Mojro operates as a SaaS platform for B2B logistics planning and execution. It currently serves mid-sized and large enterprises across sectors including CPG, retail, courier express and parcel, dairy and e-commerce.
“The growth story of Mojro exemplifies the kind of supply chain analytics and logistics innovation that customers are looking for globally. They are an excellent example of the kind of founders that IAN supports: those that have both great technological capabilities and obvious market relevance,” said Rajnish Kapur, managing partner, IAN Alpha Fund.
According to the company, more than 60 per cent of its revenue comes from international markets such as the US, Malaysia, Singapore and the Philippines.
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