Logistics Optimization Startup MatchLog raises $3 million in Pre-Series A round
- ByTejika Bajaj | January 20, 2022
Logistics optimization startup MatchLog recently announced that it has raised a sum of $3 million in its Pre-Series A round of funding led by Singapore-based Blue Ashva Capital, Rainmatter Climate as well as Capital A.
Talking about the recent infusion of funds, Dhruv Taneja, Founder, MatchLog, said, “I am glad to partner with marquee investors like Blue Ashva and Raimatter who value and share the same passion of solving the global problem of carbon emission which is our main mission at Matchlog. We will start with India and then expand to the Middle East, Africa and South East Asian markets in the next 12-18 months. At MatchLog, our mission is to reduce at least 100 million tonnes of carbon through our platform in the coming five years.”
The startup has revealed in a press release that it aims to utilise the recently infused capital to develop its tech platform which would leverage the power of artificial intelligence and machine learning based pairing of cargo which will in turn be utilised all across the country. The startup also plans to grow the multi-modal share as well as transport to expand its presence across multiple ports in India.
Satya Bansal, Founder, Blue Ashva Capital, said, “Decarbonisation is one of the key foci of the shipping industry globally. Efficient turnaround of containers and reduction of empty haulage can bring efficiency and reduce carbon emissions. We’re excited to work with the MatchLog team to contribute our part in making the shipping industry more sustainable.”
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