[Funding alert] Logistics Platform OxyZEN Express Secures $3 Mn Seed Funding

In the second phase of its seed capital fundraising round, OxyZEN Express, a business providing solutions for supply chains and fast logistics, secured $3 million, or Rs 25 crore.

According to the business, the fundraising took place during the current fiscal year, with the major investors being SNAM Group of Companies and Tamil Nadu Emerging Sector Seed Fund. Numerous additional angel investors were involved as well. Lion Hill Capital served as the fundraiser's financial advisor.

Read also - Ola Electric Files Papers For Its IPO

"As the logistics industry undergoes a transformative phase, we are confident that Oxyzen is exceptionally positioned to spearhead positive change through its innovative and cutting-edge solutions," Gana SK of TNIFMC said in a statement.

OxyZEN Express pledges to be a breath of new air, meeting and exceeding the ever-rising demands of its stakeholders, including partners, employees, investors, and customers.

Read also - Proptech Company YourOwnROOM signs a $4 Mn Partnership with Rushmore Estates

"We are excited about this investment for many reasons. Logistics is a sunrise sector and within a short time period, Oxyzen has been able to land large customers and scaled revenue aggressively," Muralidhar Dhuddu, director of SNAM Group, said.

About OxyZEN Express

With more than 200 years of combined cross-functional supply chain and logistics experience in both domestic and international markets, a group of seasoned industry veterans founded OxyZEN Express.

Read also - [Funding alert] Fitness Tech Platform WTF Raises INR 1.05 Cr Angel Investment