IAN invests $ 1 million in Pidge



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Pidge raised $ 1 million led by Indian Angel Network (IAN).

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Pidge disrupted the dynamics of demand and supply of same day delivery. The company has been able to ensure guaranteed, reliable and instant delivery to all types of businesses: from craftsmen and SMEs to national brands. Pidge’s proprietary algorithms for real-time order hype and dynamic batch processing, along with disruptive business processes, ensure delivery times are minimized. Pidge relies on its Pidge Houses to meet the needs of its business partners for faster and better controlled deliveries. Pidge has developed a suite of seven modular SaaS products. The startup has developed a unique performance optimization business model that relies on dynamic pricing and demand predictability, according to a statement.

Pidge will use the funds to expand its presence in new markets and develop the product pipeline. The funding would also help the platform systematically invest in building its technological capabilities to deliver unprecedented routing and allocation efficiencies, the statement added.

“We saw a huge opportunity in the last mile logistics space driven by changes in behavior on the supply and demand side, compounded by the problems created by current incumbents. Pidge leverages its proprietary modular SaaS solution and revolutionary algorithms to deliver unprecedented latency optimization; while combining the coverage of traditional logistics with the convenience of on-demand hyperlocal services, ”said Ratnesh Verma, co-founder of Pidge.


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