Prozo, a supplytech business, has secured INR 45 Cr ($5.4 Mn) in a Pre-Series B round through a combination of equity and loan financing, with Sixth Sense Ventures serving as the round’s lead investor.
JAFCO Asia and other investors joined the round as well. The firm with its headquarters in Gurgaon plans to use the additional funding to grow its clientele, a network of warehouse and logistics facilities, and Prozo Warehousing & Logistics (“PWLP”) SaaS platform, as per reported by Inc42.
Read also – [Funding alert] Insuretech startup InsuranceDekho raises $150 mn in funding
“Prozo is like an operating system of supply chains wherein brands of all sizes can customize their supply chain, leveraging Prozo’s fulfilment and logistics network. Just like companies don’t set up their own servers these days but opt for AWS-like services, companies don’t need to set up their own supply chains, but opt for a full-stack, enterprise-grade, pay-per-use supply chain partner like Prozo,” Ashvini Jakhar, founder and CEO of Prozo said.
Think of ‘Prozo’ as ‘an AWS of supply chain’ where companies of all sizes can get access to enterprise grade supply chain capabilities on a pay-per-use basis.
Read also – [Funding alert] DroneTech Startup Garuda Aerospace raises $22 mn in Series A funding
About Prozo
Prozo is an integrated supply chain startup that was founded by Dr. Ashvini Jakhar in 2015. Its pan-Indian warehousing and freight network is supported by an end-to-end supply chain tech stack and control tower, enabling speedy fulfilment.
Read also – [Funding alert] B2B Food Sourcing Startup ONWO Secures $1.6 Mn In Seed Round
