Mumbai headquartered Supply Chain tech-based startup, Elixia Tech Solutions Ltd, has successfully secured $1 million in its Pre-Series A funding, led by RVCF and other angel investors. Elixia Tech is planning to scale up its existing presence in both domestic and international markets with this funding.
Elixia Tech was founded in 2011 with an aim to offer better the logistics sector in the country by introducing high-end technological innovations in the field of supply chain.
Announcing the investment, Elixia Tech’s Founder, Sanket Sheth added, “This is a very important milestone. While supply chains have evolved from on-ground manual operations to something as advanced as digital twins, majority of companies are still stuck somewhere in between. With the world going through the impact of external changes, it has now become even more imperative to bring in real-time visibility, optimization & transparency in the supply chain. Thus, I believe that now is the right time and the right place to get the right products to make waves in the Indian as well as Global Logistics Market.”
The investment round was led by RVCF. Gaurav Chowdhry, VP, RVCF said, “The growth of supply chain is majorly dependent on the growth of supply chain software solutions market. Supply chain solutions give the power and visibility to monitor processes, identify the exact underperforming areas and gain reliable data-driven insights to efficiently run operations. We are truly impressed with Elixia’s management team, their commitment to providing new-age solutions and impressive growth..”