Series A: We’ve raised USD 11 mil; here’s what that means for you.

We are starting 2020 with a bang — new clients, new office, new partnerships and a growing A Class team! We also just announced a new round of funding, bringing overall capital raised to 78 Crores with new, global partners joining Pando’s mission. All of this, and all of us, are focused on one goal: getting freight networks to work for you — our current, and future clients, so that you can delight your customers, one delivery at a time.

Here is a quick run down of the funding:

Or, skip to the next section to figure out what this means for you.

Nexus Venture Partners is a 1.2 Bn cross-border fund, with offices in Mumbai and California, and an early backed of global and local winners like Redhat, H2o.ai, Druva, Delhivery and Snapdeal. Sandeep is the Founder-MD of Nexus invested ~2 Million in Pando in 2019, and continues to invest and work with the team, in this round.

Chiratae Ventures (earlier IDG Ventures) is a $700 Mn Indian fund, and an early backer of some of the last decade’s biggest winners, including Myntra, Jabong, Lenskart, Flipkart, Curefit, Bounce etc. T C Meenakshisundaram is the Founder-MD of Chiratae and has come on board, in this round.

Next47 is a global venture firm created by Siemens that invests in, and partners with, entrepreneurs who build industry-defining companies. With offices in Bangalore, Beijing, London, Munich, Palo Alto, Paris, Stockholm, and Tel Aviv, Next47 gives start-ups unparalleled access to one of the world’s deepest technology repositories in mobility, energy and infrastructure. Lak Ananth is the Founding-MD of Next47, and led their first investment in India with Pando.

Ramkumar Narayan is Managing Director at VmWare India and has earlier led teams and geographies at eBay, Yahoo! and Microsoft.

Alok Mittal is Founder CEO of Indifi, founder of Indian Angel Network, ex-India chief of Canaan Partners, a premier valley VC.

Saikiran Krishnamurthy (Saiki) spent 15 years at McKinsey as a Senior Partner before becoming CEO at Ekart (Flipkart) and COO at Ola. He is currently Co-Founder and CEO of xto10x technologies along with Binny Bansal, Founder of Flipkart.

Read more about our earlier investors.

What does this mean for you?

“Funding means more resources to do real work — serve more customers and deliver more value, at scale.” Ashok Vasan, President GTM, PandoCorp

In 2020, you will see more, and get more from Pando — we have always had a strong commitment of expertise and technology to help our clients achieve their goals. Now, with new global partners onboard and refreshed resources, we will build on this foundation, to help you scale with Pando.

Here is a run down of what we are working on:

1. Making a good product even better: We are perfecting our existing products and workflows for you — with better features, better design, more granular configurations and easier flows that will make life easier for your users and deliver more value to you, this year.
2. Better optimization: Optima, our industry leading optimization engine will go through a fundamental improvement this year, with focused interventions, increased scope and improved capabilities. This will allow Pando to improve cost-per-unit and SLAs even further, driving unprecedented value to you, this year.
3. Pando Labs and pioneering products: We are setting up Pando Labs to work on industry-first technology-solutions for the global market. These new products and services will reimagine what was thought possible with freight, this year. Expect new products, better solutions that go beyond freight, to solve for freight.
4. Better platform, and more partners: Pando Enterprise Platform that allows you to integrate with your existing enterprise technologies and best-in-class point-solutions will get even better this year — with plug and play integrations with multiple market-leading solutions, including WMS, TMS, Tracking, Analytics, S&OP, Production planning, DMS, VMS and Network Planning tools allowing you to get more value from Pando and your freight, this year.
5. Better Support: We’ve heard all of you say great things about how helpful and always available Pando’s support team is. We hear you. Your business is our business, and you will see us invest in even better support teams, processes and technology that will be available at all times to make you successful, this year.
6. Better Security: Pando’s world-class security infrastructure will evolve to push global standards, as we bolster our teams and tech, to ensure that you data works for you, this year.
7. Leveraging Pando’s Freight Network: Pando has a large and growing client base of global F500s and freight partners who manage their entire networks on our platform. This network that we are building — of the world’s largest shippers, and their best transporters — opens up new possibilities for all involved. In 2019, we enabled a number of informal engagements between our network participants — our clients met and exchanged war-stories, converged on best-practices and used Pando to make their systems more effective. This year, we will formalize our role as network enabler, and make real, tangible collaborations possible.This is unprecedented and will fundamentally alter the way freight operates.

That’s all for now, folks. Thank you for your trust. I am looking forward to working closely with you to make you even more successful.

Go Pando!

At Pando, we are building the world’s first Networked Freight Management Platform, that is enabling large businesses to leverage freight networks to grow further and faster.

We’re hiring! If you want to work with folks like Ashok, write to us here at hi@pando.in.

To check out our A-Class team and what we do, visit us at here.