The platform provides various tools and apps for accomplishing different tasks across freight procurement, trade and transport management, freight audit and payment and document management, as well as dispatch planning and analytics. Pando aims to meet the need by consolidating supply chain data that resides in multiple silos within and outside of the enterprise, including data on customers, suppliers, logistics service providers, facilities and product SKUs. Sixty-seven percent of respondents to the survey say that they’ve implemented dashboards for this purpose, while over half say that they’re investing in supply chain visibility services more broadly. According to a recent McKinsey survey, supply chain companies had - and have - a strong desire for tools that deliver greater supply chain visibility. There’s truth to what Jayakrishnan’s expressing about pent-up demand. “This caught our attention - we spent months talking to and building for enterprise users at warehouses, factories, freight yards and ports and eventually, in 2018, decided to start Pando to solve for global logistics through a software-as-a-service platform offering.” “Supply chain leaders were trying to build their own tech and throwing people at the problem,” he said. The two saw firsthand manufacturers, distributors and retailers were struggling with legacy tech and point solutions to understand, optimize and manage their global logistics operations - or at least, that’s the story Jayakrishnan tells. Pando was co-launched by Jayakrishnan and Abhijeet Manohar, who previously worked together at iDelivery, an India-based freight tech marketplace - and their first startup. Pando is also open to exploring strategic partnerships and acquisitions with this round of funding.”

“Great talent is the foundation of the business - we will continue to augment our teams at all levels of the organization. “We will not expand into new industries or adjacent product areas,” he told TechCrunch in an email interview. CEO and founder Nitin Jayakrishnan says that the new capital will be put toward expanding Pando’s global sales, marketing and delivery capabilities. Iron Pillar and Uncorrelated Ventures led the round, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47. Signaling that investments in the supply chain sector remain robust, Pando, a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million.

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