Antler India led Rs 5 Cr Pre-seed funding raised by last-mile delivery startup Dispatch Network
Pune-based last-mile delivery startup Dispatch Network has raised Rs 5 crore in a pre-seed funding round led by Antler India, with participation from angel investors Krishi Fagwani, founder of Thrive, Yashin Mahadevia and Parth Modwadhia.
The company said in a press release that the fresh capital will be used to expand its artificial intelligence (AI) team working on its proprietary Large Logistics Spatio-Temporal Model (LLSTM), a foundation AI model developed specifically for intracity logistics and mobility.
Dispatch Network aims to scale its operations to handle 50,000 orders per day across five cities.
Co-founded in 2023 by Rajit Arya and Navneeth Kannan, Dispatch operates an AI-powered last-mile delivery network that optimises order allocation, rider productivity and delivery routes.
Its model sequences orders across multiple platforms to determine the next delivery assigned to a rider and the most suitable location for them to wait for subsequent orders.
According to the company, its network has completed more than 100,000 deliveries since commencing operations in June 2026. Monthly delivery volumes grew from 3,014 in June to 55,000 in October. The startup currently processes approximately 3,500 deliveries daily.
Dispatch claims its model has cut empty kilometres by two-thirds, while enabling riders to earn around 55% more per month than the industry average. It has also reported rider retention rates that are 80% higher than the industry average.
The startup currently serves food delivery and quick-commerce platforms such as Zomato, Swiggy, Zepto, Instamart and BigBasket. It also partners with restaurants and stores through direct APIs and the Open Network for Digital Commerce (ONDC).
After launching in Pune, Dispatch plans to expand its operations to Mumbai in November 2026.
Operated by Artem Network Private Limited, Dispatch Network entered the last-mile delivery market in 2026 and began operations in Pune in June. Arya has been active in the electric mobility sector since 2009, while Kannan brings a decade of experience in mobility systems, having worked as a product architect and engineer.
