Elixia Tech, a Mumbai, India-based supply chain tech startup, raised USD1M in Pre-Series A funding.
The round was led by Rajasthan Venture Capital Fund.
The company intends to use the funds to scale up its presence in both domestic and international markets.
Founded in 2011 and led by Sanket Sheth, Elixia Tech provides technological innovations in the field of supply chain. The company had introduced its first product in Vehicle Telematics space, followed by a completely digital and efficient suite of supply chain solutions, under the umbrella of Supply Chain Control Tower. It provides interlinked softbots for all segments of logistics, warehouse and inventory that control supply chain planning and execution to reduce costs and bring visibility for goods in-transit and provide actionable business intelligence using Machine Learning.
Elixia Tech serves hundreds of customers across FMCG, Pharmaceutical, Chemical, 3PL and many more sectors.