B2B SaaS platform Mojro secures $3 million round

B2B SaaS platform Mojro has raised $3 million in a new funding round led by IAN Alpha Fund. The round also included participation from 1Crowd and existing investors.

The company will use the funds to grow its business in the US and Southeast Asia. It also plans to improve its AI-based optimisation platform and expand its product, engineering, and sales teams.

The company said the capital will be used to expand its presence in the United States and Southeast Asia, enhance its AI-driven logistics platform, and strengthen its product, engineering and sales teams across India and overseas markets.

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“With the differentiated optimisation capabilities that Mojro offers and proven capabilities across the US, India & Southeast Asia, this funding will help us scale faster in these markets and further differentiate our offerings through innovation,” said Kishan Aswath, co-founder & CEO, Mojro.

“The growth story of Mojro exemplifies the kind of supply chain analytics and logistics innovation that customers are looking for globally. They are an excellent example of the kind of founders that IAN supports: those that have both great technological capabilities and obvious market relevance,” said Rajnish Kapur, managing partner, IAN Alpha Fund.

Founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu, Mojro offers a B2B SaaS platform for logistics planning and optimisation. The company mainly works with mid-sized and large businesses.

Mojro serves industries like CPG, retail, courier, dairy, and e-commerce. Its platform helps companies plan better delivery routes, manage delivery challenges, and reduce overall logistics costs.

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Mojro follows a usage-based SaaS model, where customers pay based on how much they use the platform. More than 60% of its revenue comes from international markets such as the US, Malaysia, Singapore, and the Philippines. The company has also partnered with consulting and technology firms in the US to grow its customer base.

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