Kale Logistics has raised USD 30 Million via Series B funding round led by the Creaegis Advisors LLP which is a private equity firm.
As per the startup head, “The investment will fuel Kale’s mission to develop and deploy robust Cargo Community Systems to transform global logistics beyond regional boundaries.”
This finding has come 2 years after USD 5 million Series A investment in 2021 received via Inflexor Ventures. The startup was established in 2009 by Rajesh Panicker, Amar More, and Vineet Malhotra to offer solutions to streamline logistics operations.
The partnership with Creaegis will help them in expanding their business globally and improve the Saas experience for customers. With the group of investors, they are well-prepared for the upcoming phase of their company’s growth.
Cargo Community Platform is its flagship product that provides a single data source for supporting operational flows, sharing information to stakeholders and promoting paperless trade data exchange with stakeholders.
Kale’s products offerings comprise SaaS solutions catering to Logistics Service Providers (LSPs) and assisting them in strengthening and enhancing their operational capabilities.
Kale with category-defined Cargo Community Platforms and Saas solutions is helping in digitizing and automating all types of cargo operations in seaports and airports.
Kale is operational in several countries including UAE, Kenya, India, Netherlands, USA, etc. It is currently involved with 100+ seaports and airports in over 35+ countries.