Pando secures $2M seed funding led by Nexus Venture Partners and others

Venture capital firm Nexus Venture Partners has led a seed investment of $2 million (Rs 13 crore) in Pando, which digitizes logistics operations for Fortune 500 companies, global blue-chips, and logistics companies.
 
The round also saw participation from Kashyap Deorah at Hypertrack, Girish Mathrubootham at Freshdesk, Nishant Rao at Sirion Labs (Ex-LinkedIn India MD), and P Balaji at Vodafone (Ex-Nokia, Sony Erickson India MD).
 
While there has been a lot of digitization and investments in the supply (transporter) side of the ecosystem in the recent past, Pando solves a key problem of convergence, on the demand (shipper or enterprise) side of the ecosystem, which is a large, global white-space.
 
The company claims its Pando Enterprise Suite is the region’s first enterprise-grade logistics management system, that is built to help enterprises of all sizes digitise, monitor and optimise their supply chain operations.
 
“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," said Nitin Jayakrishnan, Founder & CEO, Pando.
 
Through real-time visibility provision and seamless digital links across the value chain, Pando has been able to help enterprises turn their supply chain management function from a cost centre to a source of competitive differentiation.
 
“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 focus 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," said Sandeep Singhal, Co-founder & Managing Director, Nexus Venture Partners.
 
Pando’s team comes with deep experience in building and scaling products, and includes entrepreneurs, designers, and engineers who have built great products, and led global teams at Sandisk, Microsoft, SAP, Oracle, Think Design, Honeywell, Ernst & Young, Freshworks, Airbnb, Shadowfax and other great companies. CTO Abhijeet Manohar holds over 50 global patents, and was earlier with Sandisk in Milpitas and Bangalore, as part of their Systems Architecture Group.
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