B2B SaaS startup Mojro has secured $3 million in funding to bolster its AI-powered logistics platform. The investment, led by IAN Group’s IAN Alpha Fund along with 1Crowd and existing investors, will support Mojro’s expansion into the US and Southeast Asia, platform development, and team growth.
Founded in 2016, Mojro assists mid to large enterprises in optimizing their supply chains, catering to various sectors like retail, parcel delivery, and courier services. The startup’s AI-driven platform, which employs a usage-based pricing model, leverages operations research, machine learning, and big data to help clients achieve up to 20% savings on logistics costs.
With a significant portion of revenue coming from international markets such as the US, Malaysia, Singapore, and the Philippines, Mojro stands out in the global logistics planning and optimization domain. The funding will enable Mojro to accelerate its growth in these regions, focusing on innovation to enhance its service offerings.
Source: Inc42 Media