With the assistance of 1Crowd and previous investors, the B2B SaaS platform Mojro has raised $3 million in a funding round led by IAN Alpha Fund.
The funds will be utilized to improve its AI-driven optimization platform, bolster its product, engineering, and sales teams, and grow in the US and Southeast Asia.
Mojro is a B2B SaaS platform for logistics planning and optimization that was founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu. It provides services to mid-sized businesses in the retail, courier, dairy, CPG, and e-commerce sectors. The platform assists users in managing delivery restrictions, streamlining routes, and cutting logistics expenses.
Over 60% of Mojro’s revenue comes from overseas markets, such as the US, Malaysia, Singapore, and the Philippines, and the company uses a usage-based SaaS model. In order to scale customer acquisition, it has formed alliances with US technology and consulting firms.
Its PlanWyse and ExecuteWyse products provide supply chain optimization and real-time execution tools. According to the company, within 90 days of deployment, clients can observe quantifiable results and save up to 20% on logistics expenses.
