The overall market size of the Indian logistics sector will be expected to reach around USD 435.43 Bn in 2023, growing at a CAGR of 8.36%. In this vast landscape, Kale Logistics – one of the leading pioneers, has managed to raise $30 mn in Series B investment led by Creaegis Advisors LLP, a digital and tech- focused private equity fund. Kale Logistics is a cloud-based tech platform that claims to deliver innovative, tailor-made solutions to the logistics market.
Founding Story of Kale Logistics
Incorporated in 2010, Kale Logistics Solutions is a Thane, Mumbai-based platform that offers a cutting-edge vertical SaaS solution for the global logistics industry. Currently, such business is present at over 100 airports and ports worldwide, extending its services to clients across 36 countries. Now, Kale Logistics caters to cargo companies, airports, and seaports.
The startup started in India, working with about 8 to 10 airports and ports. They partnered with major airport infrastructure companies like Adani Group, GMR, and Bengaluru International Airport Limited (BIAL). After doing well in India, Kale Logistics expanded to the Middle East and Africa. Recently, they’ve also entered the U.S. and European markets.
Vipul Jain, Chairman of Kale Logistics Solutions, identified the need for modern, tech-driven logistics solutions to cope with the complexities and demands of a globalized world. They envisioned a company that would bridge gaps in the logistics industry by embracing innovation and digitisation. Regarding Kale Logistics vision, the brand is all set to empower and integrate all stakeholders in the logistics value chain, enabling and accelerating global trade seamlessly.
Funding Snapshot of Kale Logistics
Kale Logistics Solutions has secured $42.9 million through nine funding rounds, with their latest Series B round on Sep 11, 2023, raising $30 million. Inflexor Ventures led the funding, issuing convertible shares to raise $1.7 million, valuing the company at approximately $75 million.
Key investors include Inflexor, SIDBI, and Creaegis. This funding will aid Kale Logistics Solutions in enhancing its logistics and airport industry software, focusing on simplifying cargo processing.
Expansion
Kale Logistics has consistently focused on expanding its presence both domestically and internationally. Their strategic approach to expansion involves establishing strategic partnerships, entering new markets, and diversifying their service offerings. They have forged collaborations with global players to broaden their network and provide seamless logistics solutions across borders.
By embracing a customer-centric approach and leveraging its technological prowess, Kale Logistics has gained a strong foothold in various regions. They continue to explore emerging markets and invest in R&D to adapt and evolve in response to evolving industry demands and challenges.
Wrap UP
Kale Logistics, a global logistics tech platform, recently secured a significant $30 million Series B investment led by Creaegis Advisors LLP. Their vision is to innovate logistics through technology, and they’re already serving clients in 36 countries, expanding from India to the Middle East, Africa, the U.S., and Europe. This latest funding injection will boost their cloud-based SaaS solutions, streamlining cargo processing. With strategic partnerships and a customer centric approach, Kale Logistics is poised for remarkable growth, solidifying its position as a pioneer in the logistics industry.
