The startup aims to utilise the funds towards product enhancement and global business growth, by deploying its solutions at additional overseas airports, ports and enterprise cargo handling customers, the release said.
Kale Logistics aims to reduce complexities involved in the cargo logistics processing at airports, seaports and customs checkpoints, using their cloud-native integrated platform and ERP solutions for all stakeholders in the logistics industry.
“Our community platforms for ports and airports have a huge opportunity with demand for digitisation accelerating at a fast pace,” said Amar More, cofounder, Kale Logistics.
The company’s flagship product, known as UPLIFT, is a cargo community platform for airports and seaports which facilitates cross border commerce and cargo digitisation.
“Our investment in Kale Logistics fits our thesis of investing in category-defining, enterprise-grade, vertical SaaS products addressing the global market,” said Pratip Mazumdar, partner at Inflexor Ventures. “We believe Kale Logistics will play a pivotal role in radically transforming global cross-border commerce at airports and ports led by trade facilitation reforms initiated by the UN and various countries.”
Inflexor Ventures is a sector-agnostic VC firm that invests in deep and emerging technology startups from pre-Series A to Series A+ stages. From Fund II, Inflexor has since November 2020, invested in four companies including Steradian Semiconductors, PlayShifu and Vitra.ai.