Kale Logistics receives new funding at a valuation of Rs 600 Cr.
Inflexor Ventures and other current investors have led a fresh round of funding for the logistics technology platform Kale Logistics. The Mumbai-based startup has received money twice in the past two years, with this being the second.
According to Kale Logistics’ regulatory filings with the Registrar of Companies (RoC), the board of directors approved a special resolution to issue 9,81,474 Series A3 compulsorily convertible participatory preference shares (CCPS) at a price of Rs 135 per share in order to raise Rs 13.25 crore, or $1.7 million.
With an investment of Rs 2.5 crore each, Inflexor Ventures is leading the round together with Narendra Kale and Vipul Jain. Additionally, Manju and Rakesh Puri contributed a combined Rs 1 crore in the business. Sixteen additional people contributed the remaining funds.
About Kale Logistics Solutions
Kale Logistics Solutions , a trusted IT Logistics partner for fortune 500 companies is focused on providing cutting edge technology solutions to the Global Logistics and Supply Chain network. Its wide portfolio of solutions comprising enterprise ERP systems and community platforms is transforming businesses of more than 500 customers worldwide. Kale has been awarded several industry accolades for its innovative solutions in the Logistics Industry. Owing to extensive experience and thorough knowledge pertaining to the Logistics domain and being the only Logistics focused IT provider, Kale has been recognized as ‘Best IT Provider’ for last many consecutive years at prominent International Industry forums. Kale’s solutions help Freight Forwarders, NVOCC, LCL Consolidators, Shipping Line Agents, Stevedores, Surveyors, Container Freight Stations, Equipment Control Providers, Vessel Charterers, Custom House Agents, 3PL, Warehouse Operators, Transportation Providers, other Logistics Service Users and Airport Cargo Terminal Operators achieve faster growth, standardized processes and operational efficiencies. An active partnership with key industry bodies and customers keep Kale at the forefront of emerging trends.
When was Kale Logistics Solutions founded?
Kale Logistics Solutions was founded in 2010.
Who is the founder of Kale Logistics Solutions?
IIT Kanpur and Harvard educated serial entrepreneur Mr. Narendra Kale is a visionary. He is the driving force behind flourishing businesses like Kale Consultancies and Kale Logistics, which are known as the top providers of software solutions with operations across five continents and more than nine nations.
Is Kale Logistics Solutions hiring?
Kale Logistics Solutions is hiring for multiple positions like Software Solution Sales, Associate- Project Coordinator, and Project Manager.
What is the team size of Kale Logistics Solutions?
As per the popular social media site LinkedIn, Kale Logistics Solutions has 264 employees.
Where is the head office of Kale Logistics Solutions?
The headquarters of Kale Logistics Solutions are in Vasai-Virar, Maharashtra, India.
How much is the revenue of Kale Logistics Solutions?
Operating revenues for Kale Logistics Solutions vary from INR 1 to 100 crores for the fiscal year that ends on March 31, 2020. Over the previous year, it saw an 817.87% increase in EBITDA.
Kale Logistics seems to be promoting new IT services and IT consulting platforms. Sending my best wishes for your business. I hope this startup gets you and your team a lot of success and fortune.
Shishir Gupta, Founder and CEO, StartupLanes
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