echnology focused VC fund, Inflexor Ventures, announced its investment in a logistics tech company, Kale Logistics. The total size of the Series A round is $5 million. The round is led by Inflexor along with participation from the existing investors. From Fund II, Inflexor has since November 2020, invested in four companies including Steradian Semiconductors, PlayShifu and Vitra.ai.
The company aims to utilise the amount towards product enhancement and global business growth, by deploying the solution at additional overseas airports, ports and enterprise cargo handling customers.
Amar More, Vineet Malhotra, and Rajesh Panicker are the management team that co-founded Kale Logistics along with industry pioneers, Mr. Narendra Kale and Mr. Vipul Jain, the ex-founders of Accelya Solutions (formerly known as Kale Consultants). The vision is to drastically reduce the complexities involved in the cargo logistics processing at airports, seaports and customs checkpoints, using their cloud-native integrated platform and ERP solutions for all stakeholders in the logistics industry. The solutions enable collaboration in real-time while providing end-to-end visibility of every process and shipment.
Commenting on the investment, Pratip Mazumdar, Partner at Inflexor Ventures said “Our investment in Kale Logistics fits our thesis of investing in category defining, enterprise grade, vertical SaaS products addressing the global market. The company is led by a stellar team with demonstrated capabilities of executing a global go-to-market strategy. We believe Kale Logistics will play a pivotal role in radically transforming global cross-border commerce at airports and ports led by trade facilitation reforms initiated by the UN and various countries.”
Amar More (Co-founder, Kale Logistics) said “Our community platforms for ports and airports have a huge opportunity with demand for digitization accelerating at a fast pace. We are excited about having Inflexor as our investor partner as we move forward towards the next orbit of growth.”
Vipul Jain (Chairman and Co-founder) said “This is our first fund raise with an external investor and we are happy to partner with Inflexor because of the alignment of vision for the business and their understanding of the SaaS space. We are confident that they will add value to the company as we shift gears to a faster growth trajectory.”
The company’s flagship product, known as UPLIFT is a cargo community platform for airports and seaports which facilitates cross border commerce and cargo digitization.