Intugine Technologies Pvt. Ltd said that it has received pre-series A funding of Rs 19 crore (about $2.2 million), headed by Mela Ventures, the venture capital firm founded by the Mindtree founders.
Kaleesuwari Group, Innoport, Harsh Shah (Fynd), Anshul Rai (Happay), Kashyap Deorah (HyperTrack), and current investor Kanav Hasija (InnovAccer) also participated in the round, as per reported by VCCircle.
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“Enterprise supply chains are evolving to support omnichannel buying and distribution. We have built a platform that gives enterprises end-to-end visibility of their shipments and greater control over their logistics operations,” said Harshit Shrivastava, founder & CEO, Intugine.
The Bengaluru-based company will use the additional funds to expand its personnel, its geographic reach, and its product offering.
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“The evolving logistics landscape has made the need for visibility into supply chain networks. It is time for brands to invest in technology that supports consumers’ changing purchasing behaviour,” said Krishnakumar Natarajan, Managing Partner, Mela Ventures.
Intugine was founded in 2017 by Harshit Shrivastava, Ayush Agrawal, and Mrinal Rai. It is a supply chain visibility enabler that aids companies in streamlining and digitising their logistical processes.
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About Intugine
Intugine is a leading real-time multimodal supply chain visibility enabler, helping businesses optimise & digitise their logistics operations since 2017.
Its plethora of SaaS products like FTL and PTL Tracking, Container Tracking, and Rail Tracking enables manufacturers, shippers, retailers, and quick commerce companies with visibility over their assets across modalities on a single platform. Their solutions have helped eliminate operational inefficiencies, reduce logistics costs and improve OTIF, order to delivery TAT, and minimise dwell time and detention costs.
