Elixia Tech Solutions Ltd, a Mumbai-based supply chain startup, has raised $1 million in a pre-Series A fundraising round headed by Rajasthan Venture Capital Fund (RVCF) and other angel investors.
Elixia will use the cash to expand its footprint in both domestic and foreign markets, according to the official release.
Sanket Sheth founded Elixia Tech in 2011 with the goal of improving the logistics sector by integrating high-end technical advances in the realm of supply chain. The company offers a variety of goods and services to meet supply chain and logistics demands.
Speaking about the development, Sanket explained that it is now important to have real-time visibility, optimisation, and transparency in the supply chain.
“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.