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The corporate plans to leverage the expertise, create a roadmap to onboard new verticals, and develop the enterprise pan India over the following few years
Launched in 2006, IAN Fund invests in sectors together with healthcare, biotech and medical gadgets, VR, AI, software program as a service, marketplaces, fin-tech, massive knowledge, synthetic intelligence, agritech and {hardware}
IAN Fund not too long ago invested in startups such Phool.co and WoodenStreet
Bengaluru-based reverse logistics startup Deliveryontime Logistics Pvt Ltd popularly generally known as ‘Bizlog’ has raised INR 12 Cr in a pre-series-A spherical led by IANFund.
With the contemporary infusion, the corporate plans to leverage the expertise, create a roadmap to onboard new verticals, and develop the enterprise pan India over the following few years.
Based by HS Srinivasan, Krishnan Rajan, and EV Shunmugam in 2015, Bizlog supplies companies to massive corporates to startups in fixing their returns administration and reverse logistics points.
“In the business value chain, reverse logistics is an untapped space that accounts for $13 Bn market size, which is largely unaddressed. With disruptive, innovative, tech-supported offerings Bizlog is able to benefit its customers to reduce losses, bring in efficiency, provide superior consumer experience and add huge value into the complete supply chain ecosystem Bizlog also offers comprehensive as well as custom made reverse logistics solutions,” mentioned HS Srinivasan, CEO, Bizlog.
Launched in 2006, IAN Fund goals at investing as much as $1 Mn, with a mean ticket measurement of about $400Okay-$600Okay and exiting in a three-five 12 months interval via a strategic sale. It’s a SEBI registered early-stage fund with about 470 buyers from 11 nations and invests in sectors together with healthcare, biotech and medical gadgets, VR, AI, software program as a service, marketplaces, fin-tech, massive knowledge, synthetic intelligence, agritech and {hardware}.
Padmaja Ruparel, founding companion, IAN Fund mentioned, “With the growing need on electronic devices, reverse logistics is a growing need for the reuse of these products delivered at the customers’ doorstep. Companies like Bizlog present sustainable solutions to the ewaste problem and are the need of the hour.. IAN is excited with the potential that the team of Srinivasan, Krishnan and Shunmugam can create!”
IAN Fund not too long ago invested in startups such Phool.co and WoodenStreet. It has additional invested in MaxWholesale, Chakr, Nocca Robotics, Flatpebble, Little Black Guide and Clootrack.
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