Gurugram-based logistics-tech startup Pidge has secured a significant growth capital infusion of ₹120 crore in its latest funding round, signalling a major strategic push into India’s under-penetrated Tier II and Tier III cities.
Funding & investor landscape
The Series A round was led by Spain-based fund La Vida es Chula (LVEC) (LVEC) — the Spanish fund’s first investment in India. Existing investors also took part.
For Pidge, this comes after a pre-Series A capital raise of approximately USD 3 million (roughly ₹25–30 crore) in early 2023, backed by firms such as Mountain Partners and Indian Angels Network.
What Pidge does
Founded in 2019 by Ratnesh Verma and Rushil Mohan, Pidge has bui
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