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Total amount raised
$20M
Latest funding date
2025-10-13
Location
Pidge has successfully raised funding over four rounds, with the latest being a Series A round. The company is backed by investors including La Vida es Chula and Mountain Partners.
What Is Pidge?
Pidge is a logistics technology company based in Gurgaon, Haryana, India. It specializes in providing end-to-end logistics intelligence and a unified platform for businesses. The company operates in multiple industries, including AI, E-Commerce, Last Mile Transportation, Logistics, SaaS, and Supply Chain Management.
Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge has grown to employ between 51 and 100 people. Trusted by over 15,000 businesses, Pidge leverages AI-powered solutions for smarter, more efficient deliveries, route optimization, and data-driven insights.
How Much Funding Has Pidge Raised?
- Pre-Seed Round (Self-Funded)
- Amount Raised: USD 2,000,000
- Date: 2019
- Lead Investors: Ratnesh Verma (Founder self-funding)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial operations and technology.
- Seed Round
- Amount Raised: USD 1,000,000
- Date: November 2021
- Lead Investors: Indian Angels Network (IAN)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund expansion to new cities, including Chandigarh, and build out the product pipeline.
- Seed Round (Pre-Series A)
- Amount Raised: USD 3,000,000 (approx. INR 245,000,000)
- Date: March 2023
- Lead Investors: Mountain Partners
- Other Investors: Indian Angels Network (IAN)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Pidge's logistics SaaS solution and grow its hybrid fulfillment platform.
- Series A Round
- Amount Raised: INR 120,000,000 (approx. USD 13,600,000)
- Date: November 19, 2025
- Lead Investors: La Vida es Chula (LVEC), a Spain-based entrepreneur-led capital fund founded by Thomas Meyer
- Other Investors: Existing investors (undisclosed names) also participated
- Valuation at Round: Not publicly disclosed (5X+ growth since previous fundraise)
- Motivation Behind the Round: To expand into Tier II and III cities, deepen AI and data science capabilities, and pilot Pidge's logistics OS in international markets.
Total Amount Raised: At least USD 19,600,000 based on disclosed funding rounds. Current Valuation: Not publicly disclosed.
Key Investors
- La Vida es Chula (LVEC)
- Details: La Vida es Chula is a Spain-based entrepreneur-led capital fund founded by Thomas Meyer, the founder of Desigual. LVEC led Pidge's Series A round in November 2025 — marking LVEC's first investment in India.
- Investment Focus Areas: Technology, E-Commerce, Logistics
- Notable Investments: Not publicly disclosed
- Mountain Partners
- Details: Mountain Partners is a leading European venture capital firm founded by Dr. Cornelius Boersch. They focus on technology-driven businesses and have a global presence. They led Pidge's March 2023 pre-Series A seed round.
- Investment Focus Areas: Technology, SaaS, E-Commerce
- Notable Investments: Not publicly disclosed
- Indian Angels Network (IAN)
- Details: Indian Angel Network (IAN) is one of the largest angel networks in India, investing in early-stage startups across various sectors. IAN led Pidge's November 2021 seed round with a USD 1 million investment and also participated in the March 2023 seed round.
- Investment Focus Areas: Startups, SaaS, Logistics
- Notable Investments: Not publicly disclosed
- Ratnesh Verma
- Details: Ratnesh Verma is the co-founder and CEO of Pidge. He self-funded the company's initial pre-seed stage with approximately USD 2 million to establish operations.
- Investment Focus Areas: Logistics, Technology, AI
- Notable Investments: Not publicly disclosed
What's Next for Pidge?
As Pidge looks to the future, the opportunities for growth are immense. The company is poised to expand its logistics SaaS offerings, tapping into the burgeoning Indian last-mile logistics sector, which is projected to grow from $40 billion to $100 billion by 2024. This expansion will enable Pidge to enhance its product offerings, including order management, order tracking, and communication management, thereby attracting more enterprise users and increasing its market presence.
Given the significant market potential and the successful completion of its Pre-Series A round, Pidge is likely to pursue additional funding rounds to support its growth and technological advancements. The involvement of prominent investors like Mountain Partners and Indian Angels Network suggests strong investor confidence, which could lead to future fundraising opportunities and possibly strategic acquisitions to enhance their technology stack or expand their market reach.
However, Pidge will face challenges along the way, including intense competition from other logistics and SaaS providers, maintaining service quality as they scale, and navigating regulatory and operational complexities. Despite these hurdles, Pidge's commitment to leveraging proprietary algorithms and real-time tracking technology positions it well to overcome these challenges and continue its trajectory of growth and innovation in the logistics industry.
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