Enterprise Logistics aggregator Sagisu secures US $2.1 Mn funding to scale up operations
Intra-city logistics solution provider, Sagisu has raidsed $2.1 million in seed funding to fuel its growth. The company will use the funds to build Smart Logistic Hubs and expand into new geographies along with scaling up their technology platform and sales /supply organization capabilities.
With technology fueling its solutions, logistics startup Sagisu is now eyeing the global market
In the harsh New Jersey winter of 2015, Indian-born businessman Mithun Kadur was at his office advising a retailer on supply chain when his mind suddenly wandered to his home country and the business opportunities it held. Especially since logistics hadn't gone through the digital transformation route yet.
Sagisu eyes $10 million in Series A funds
Logistics aggregator Sagisu is looking to raise $10 million in Series A funding, as it plans to increase its fleet strength to 1,000 trucks. Sagisu’s business model is similar to Ola’s or Uber’s, as it doesn’t own a fleet of trucks but provides truckers within the city more business.