Mumbai, September 12, 2023 – Kale Logistics, a cutting-edge SaaS logistics startup, has announced the successful fund raising of $30 million in fresh capital. This milestone investment will accelerate further development and deployment of Kale’s robust Cargo Community Systems, and global logistics by pushing regional boundaries.
Vipul Jain, Chairman of Kale Logistics Solutions, expressed enthusiasm about this partnership: “This marks our second successful fundraising venture with an external investor, and we are thrilled to collaborate with Creaegis due to their shared vision for our business, their impeccable track record, and their deep understanding of the global SaaS and tech products landscape. We are confident that their expertise will bring substantial value to the company as we embark on an accelerated growth trajectory.”
Kale Logistics boasts industry pioneers such as Narendra Kale and Vipul Jain, former founders of Accelya Solutions, as core members of its founding team. With marquee clients spanning across 36 countries, Kale has emerged as a leader in designing digital trade platforms with a strong focus on sustainability and data harmonization goals, championed by influential trade bodies including the United Nations, IMO, IATA, ICAO, WTO, and FIATA.
Prakash Parthasarathy, Managing Partner & CEO of Creaegis, emphasized the ongoing digital disruption in the global logistics industry: “The global logistics industry is undergoing rapid digital transformation, characterized by the need for intelligent automation and end-to-end visibility across all nodes. This transformation is spearheaded by smart and centralized technology platforms. Kale Logistics, with its pioneering Cargo Community Platforms and suite of SaaS solutions, is at the forefront of this disruption, digitizing and automating end-to-end cargo operations in airports and seaports. We are thrilled to support the company in their next phase of global expansion, including plans to enter the North American and European markets.”
Founded by Amar More, Vineet Malhotra, and Rajesh Panicker, Kale Logistics is at the forefront of creating vertical SaaS solutions tailored for the global logistics industry, with a primary focus on airports and seaports. The company’s suite of products and cloud applications has already driven substantial digital transformations in over 100 airports and ports worldwide.
The funding round was led by Creaegis Advisors, a private equity fund with a strong focus on digital and technology sectors. In 2021, Kale Logistics secured $5 million in its Series A round, with participation from Inflexor Ventures and other existing investors.
