Mojro Secures $3 Million for B2B SaaS Growth

B2B SaaS platform Mojro has achieved a significant milestone by raising $3 million in a funding round led by IAN Alpha Fund, alongside contributions from 1Crowd and previous investors. This funding will facilitate the firm’s expansion into the US and Southeast Asia, enhance its AI-powered optimisation platform, and strengthen its product, engineering, and sales teams.

The Founding Story of Mojro

Founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu, Mojro has developed a cutting-edge B2B SaaS platform aimed at logistics planning and optimisation. The platform caters to mid to large-sized enterprises within various sectors, including CPG, retail, courier, dairy, and e-commerce. Mojro’s services assist customers in optimising their routes, managing delivery constraints, and effectively reducing logistics costs.

Business Model and Revenue Streams

Mojro operates on a usage-based SaaS model, generating over 60% of its revenue from international markets, such as the US, Malaysia, Singapore, and the Philippines. The company has forged partnerships with consulting and technology firms in the US to enhance its customer acquisition efforts.

Products and Customer Benefits

Mojro offers two primary products, PlanWyse and ExecuteWyse, which provide optimisation and real-time execution tools for supply chains. The firm states that its customers can realise up to 20% savings in logistics costs and observe measurable results within 90 days of implementing the solutions.