Mojro, a one stop shop for all kind of urban logistics received a funding of $650,000 in a funding round led by 1Crowd and its investor community.
The funds raised will be used to enhance their technology, expand their team, advertising and partnering with fleet owners.
Urban logistics is increasingly becoming a big community problem and Mojra is aiming at offering a machine learning driven intra-city logistics planning and optimization platform that will help large and medium businesses in optimizing their logistics need such as how to utilize a fleet, or space or how to optimize their costs.
Mojro signed several partnerships with fleet owners and are assisting them discover state-of-the-art techniques and ways to optimize service quality and provide the opportunity of planning and executing logistic needs via a single platform.
“Mojro envisions to be the world’s largest technology-enabled logistics platform that seamlessly automates end-to-end logistics needs of business entities and provides them an efficient and effective means to store, package and move goods,” said Mojro CEO, Kishan Aswath.
1Crowd is a funding platform that focuses on connecting investors with a string of extremely promising Indian start-ups and early-stage ventures. 1Crowd also tries to connect startups with those investors that will become strategic partners as well and boasting the relevant contacts to direct the company properly. Their services include deal origination and sourcing, structuring the capital raising, guidance on building business plans and fincancial models among others.