{"id":21497,"date":"2023-02-21T07:03:10","date_gmt":"2023-02-21T07:03:10","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=21497"},"modified":"2023-02-21T07:03:10","modified_gmt":"2023-02-21T07:03:10","slug":"indian-logistics-provider-for-e-commerce-expands-to-middle-east","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/02\/21\/indian-logistics-provider-for-e-commerce-expands-to-middle-east\/","title":{"rendered":"Indian logistics provider for e-commerce expands to Middle East"},"content":{"rendered":"
The company had raised $1 million in its Pre-Series A funding round led by RVCF (Rajasthan Venture Capital Fund).<\/p>\n Elixia is a logistics startup which works with e-commerce providers to improve their last-mile delivery.<\/p>\n As such, a statement said that the company\u00a0is in advanced discussions to raise funds to accelerate its expansion plans and improve its solutions.<\/p>\n According to its founder Sanket Sheth, approximately 35 per cent of the funds raised will be invested in India. This would raise the number of paying customers from 300 to 3,000 over the next two years.<\/p>\n In addition, the company intends to invest 35 per cent of the new capital to expand in the United States.<\/p>\n While some of its clients use the product in the country, the company will concentrate on market penetration and will invest in sales and marketing in the US region. The remaining 30 per cent will be invested in Mena expansion, particularly in the UAE, Saudi Arabia, and Egypt<\/a>.<\/p>\n
\nIndian<\/a> logistics SaaS startup Elixia Inc has raised funds to expand into the Middle East, as well as in India and the USA.<\/p>\n