Hackle, a logistics and distribution business based in Bengaluru, has raised $1.25 million (about Rs 10 crore) in funding from UK-based Elara India Opportunity Fund and direct-to-consumer seafood and meats brand Pescafresh.
Callapina Capital, the Indian Angel Network, and a few other investors took part in the round.
Deepu Chandran, Jayaram Kasi, Siby Mathew, Suraj Valimbe, and Bhargav Bhamidipati founded Hackle in January 2022. It is a startup offering omnichannel fulfilment and distribution.
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“We are excited to partner with Pescafresh, India’s first D2C brand. Due to the brand’s focus on quality and strong execution, it is successfully creating a habituated and loyal customer base. Their focus on omnichannel growth is in-line with our vision.” said Deepu Chandran, CEO, and Co-founder of Hackle.
As part of the deal, Hackle will work with Pescafresh, which is financed by Blume Ventures, to manage its fulfilment centres, inventory, and last-mile delivery procedures.
“Our investment in Hackle is in line with our objectives of scaling with the help of industry experts. The seafood and meats business is operationally heavy and a strong supply chain play is much needed. Hackle has demonstrated its ability to work closely with Pescafresh and imbibe our values of freshness,” said Sangram Sawant, Founder, of Pescafresh.
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Pescafresh, a farm-to-fork corporation founded by Sangram Sawant in 2004, owns the whole back-end supply chain, incorporating cold chain control, procurement, manufacturing, and storage.
