Pando, a startup that specializes in developing fulfillment management technologies, recently announced that it raised $30 million in a Series B round, led by Iron Pillar and Uncorrelated Ventures. With the participation of existing investors Nexus Venture Partners, Chiratae Ventures, and Next47, the total raised by Pando now amounts to $45 million. Nitin Jayakrishnan, CEO and founder of Pando, stated that the new capital will be utilized for expanding the company’s global sales, marketing, and delivery capabilities.
Pando was co-founded by Jayakrishnan and Abhijeet Manohar, both of whom previously worked at iDelivery, an India-based freight tech marketplace, and their first startup. They noticed that manufacturers, distributors, and retailers were struggling with legacy technology and point solutions to optimize and manage their global logistics operations, which led them to start Pando in 2018 to solve the problem through a software-as-a-service platform offering.
Pando consolidates supply chain data that resides in multiple silos within and outside of the enterprise, including data on customers, suppliers, logistics service providers, facilities, and product SKUs. The platform provides various tools and apps for accomplishing different tasks across freight procurement, trade and transport management, freight audit and payment, document management, dispatch planning, and analytics. Customers can customize the tools and apps or build their own using Pando’s APIs.
Pando differentiates itself from incumbents like SAP, Oracle, Blue Yonder, and E2Open by emphasizing no-code capabilities and by being pre-integrated with leading enterprise resource planning (ERPs) systems and having ready APIs. Pando’s no-code capabilities enable business users to customize the apps while maintaining platform integrity, reducing the need for IT resources for each customization. Pando also taps algorithms and forms of machine learning to make predictions around supply chain events.
Pando’s customer base includes Fortune 500 manufacturers and retailers such as P&G, J&J, Valvoline, Castrol, Cummins, Siemens, Danaher, and Accuride. Since the startup’s Series A in 2020, revenue has grown 8x while the number of customers has increased 5x. Despite the signs of potential trouble on the horizon due to supply chain disruptions, Pando is optimistic about its expansion.
According to a Deloitte survey, more than 70% of manufacturing companies have been impacted by supply chain disruptions in the past year, and the digital logistics market is estimated to climb to $46.5 billion by 2025, up from $17.4 billion in 2019.
Bonatra is a healthtech startup that focuses on treating and managing chronic diseases using personalized treatments arrived at after analyzing multiple data points and health parameters using various IoMT (Internet of Medical Things) devices. Founded in April 2022 by Rahul Kishore Singh, Manjari Chandra, Ramanpreet Singh, and Amit Acharya, Bonatra integrates clinical acumen with technology to achieve holistic health. Its solutions include personalized, targeted lifestyle, nutritional, and fitness interventions to balance hormones, correct gut dysbiosis, and harness natural detox procedures to reduce heavy metal toxicity in the body.
At StartupGlue, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected and curated by the editorial team. All product details reflect the price and availability at the time of publication. If you buy something we link to on our site, Truoosh may earn commission.
