Elixia, a logistics automation startup, has raised USD 1 million which comes to about INR 8.4 crore in a funding round which was led by JITO Incubation and Innovation Foundation (JIIF).
Furthermore, other investors include Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group) and Vimal Khinvasara (WMA Group), Ashok Shah (vtransgroup) and Amit Chandwar (K M Trans Logistics).
The company’s main focus with respect to the funding would be to utilize the new funding to expand in the Middle East so as to offer advanced logistics solutions for local businesses. Furthermore, as per the company statement, by integrating Generative AI and Machine Learning to boost multimodal visibility and operational efficiency, this investment will also enhance their product offerings.
Furthermore robotics startup Perceptyne raises USD 3 million which comes to about INR 25 crore in a funding round which was led by Endiya Partners and Yali Capital. Also, Whiteboard Capital and other angel investors had also participated in the funding round. It is reported that the capital will be allocated to speed up product development, acquire new customers and drive growth.
Moreover, Perceptyne was founded by IIT Madras & BITS alumni Raviteja Chivukula, Jagga Raju Nadimpalli and Mrutyunjaya Nadiminti. Furthermore, AI-powered delivery platform - Adloggs - has also raised fresh funding which was led by Auxano Capital and Multiply Ventures. The funding round also showed participation from Faad Network.
However, Adloggs has not disclosed the amount of funds, but the new investment would be likely used to upscale Adloggs' delivery partner network while at the same time enhance its AI-driven platform to support deeper integrations.
