Mojro, a SaaS startup, raises $3 million to expand its AI-powered logistics platform.

IAN Group's IAN Alpha Fund spearheaded the investment round, with 1Crowd and a few current investors also taking part. Mojro works with companies in a variety of industries, including retail, package delivery, courier services, and more, to help mid- to big firms optimize their supply chains. The logistics software as a service business intends to utilize the funding to build its platform, bolster its workforce, and increase its footprint in the US and Southeast Asia.With the help of 1Crowd and previous investors, the B2B SaaS platform Mojro has raised $3 million in a fundraising round led by IAN Alpha Fund. The funds will be utilized to improve its AI-driven optimization platform, bolster its product, engineering, and sales teams, and grow in the US and Southeast Asia. Mojro is a B2B SaaS platform for logistics planning and optimization that was founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu. It provides services to mid-sized to large businesses in the retail, dairy, e-commerce, courier, and CPG industries.

The software assists users in managing delivery restrictions, streamlining routes, and cutting logistical expenses.Over 60% of Mojro's revenue comes from overseas countries, such as the US, Malaysia, Singapore, and the Philippines, and the company uses a usage-based SaaS model. In order to increase client acquisition, it has formed alliances with US technology and consulting organizations. PlanWyse and ExecuteWyse, two of its products, provide supply chain optimization and real-time execution solutions. According to the company, after 90 days of deployment, clients can observe quantifiable results and save up to 20% on logistical expenses.