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Pidge has raised INR 120 crore in a funding round led by LVEC, signaling strong investor confidence in its rapid growth and scalable operations. The company reports a tenfold year-on-year growth, an annualized run rate of INR 250 crore, and robust margins. The funds will support expansion into Tier 2 and Tier 3 cities, further AI-driven technology innovation, organizational capability building, and international pilot programs. Serving over 20,000 brands, Pidge aims to digitally equalize last-mile logistics and maintain its position as India's largest interoperable logistics platform.
Pidge, India's leading interoperable last-mile logistics platform, has raised INR 120 crore in growth capital, led by La Vida es Chula (LVEC), the entrepreneur-led fund founded by Thomas Meyer. Existing investors also participated, signaling continued confidence in the company's execution and vision. Advertisement
The company has recorded a tenfold year-on-year growth and currently operates at an annualized run rate of INR 250 crore, maintaining strong margins while charting a clear path to profitability. Its valuation has increased over five times since the previous funding round, reflecting rapid market traction and investor trust.
The newly raised funds will focus on three strategic priorities. First, Pidge plans to deepen its presence in Tier 2 and Tier 3 cities while building India's largest supply-side logistics network. Second, it will strengthen product and technology leadership, further enhancing its AI-powered innovations, including Titan and MORRE. Third, the company aims to enhance organizational capabilities, ensuring scalable, data-driven operations and a high-performance culture. Select international pilot programs are also planned in markets that mirror India's high-growth, digitally evolving environment.
Founder and CEO Ratnesh Verma highlighted that Pidge aims to support India's vision of lowering logistics costs and doubling e-commerce growth every three years. He emphasized that the funding would accelerate new propositions and markets, while sustaining efficient and scalable growth. Verma also welcomed Thomas Meyer and LVEC to the company's cap table, noting Meyer's experience in scaling Desigual into a global brand and his customer-first approach aligning with Pidge's operational DNA.
Pidge stands out as a unified logistics platform across hyperlocal and quick commerce segments. Its proprietary technology stack, featuring AI-led reliability engines such as Titan and MORRE, integrates visibility, routing, allocation, analytics, and vendor interoperability, bridging gaps between organized and unorganized logistics sectors.
Thomas Meyer, Founder and CEO of LVEC, expressed confidence in Pidge's technology and team, stating that the company is well-positioned to maintain its lead as India's e-commerce sector evolves. LVEC, he said, partners closely with founders, offering not just capital but guidance, network access, and operational support to build sustainable, category-leading businesses.
Founded in 2019, Pidge serves over 20,000 brands across 50+ cities, including clients like Zomato, Swiggy, KFC, Tata1mg, Eat Club, and Snitch. The platform emphasizes reliable, flexible, and secure last-mile deliveries, leveraging innovation, technology, and a people-first approach to improve logistics for businesses and consumers alike.
Source PTI
5th Jun, 2025
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