Pidge: Leading the Way in Last-Mile Logistics Solutions

Pidge, an advanced supply marketplace and interoperable last-mile logistics platform, has successfully acquired Rs 120 crore in growth capital with La Vida es Chula (LVEC) at the forefront. This entrepreneurial capital fund, established by Thomas Meyer, along with existing investors, contributed to this funding round. Based in Gurugram, the company previously raised $2.94 million during its seed funding round in February of this year. The acquired funds are set to facilitate deeper penetration into Tier 2 and Tier 3 markets, enhance product and technology leadership, and pilot its logistics operating system in select international markets, as indicated in a press release by Pidge.

Innovative Technology-Driven Logistics

Co-founded in 2019 by Rushil Mohan and Ratnesh Verma, Pidge is uniquely positioned as a technology-driven logistics intelligence platform focused on providing reliable, flexible, and secure last-mile deliveries for both businesses and individuals. The startup empowers various sectors, including quick commerce, e-commerce, retail, pharmaceuticals, apparel, and food and beverage delivery, to optimise operations and achieve excellence.

Aiming for Digital Equality in Logistics

Pidge is determined to digitally equalise the logistics ecosystem, aspiring to become the Operating System (OS) for last-mile delivery. Its proprietary technology stack features industry-first innovations such as Titan and MORRE, which serve as the foundation for its AI-driven reliability engine. According to Pidge, it operates as a comprehensive system, integrating visibility, routing, allocation, analytics, and vendor interoperability within one intelligent platform, thereby effectively closing the gap between organised and unorganised sectors.

Strategic Positioning for Future Growth

As India aims to achieve single-digit logistics costs while doubling e-commerce every three years, Pidge is strategically positioned to support this growth with the nation’s largest interoperable last-mile logistics platform. Ratnesh Verma, co-founder and CEO of Pidge, commented on the company’s pivotal role in this evolving landscape.

Through its AI-driven, interoperable platform, Pidge claims to serve over 20,000 brands across more than 50 cities, boasting an expanding network of esteemed partners including Zomato, Swiggy, KFC, Tata1mg, Eat Club, Snitch, and many others. The company has recorded a remarkable 10x year-on-year growth and is currently operating at an annualised run rate of Rs 250 crore. It faces competition from notable players in the industry such as Shiprocket, Holisol, ShipBob, among others.