ClickPost raises $6 million in Series A round
Funds will be used for launching new AI-driven modules, global growth and hiring
L-R: Naman Vijay and Prashant Gupta, Founders, ClickPost
ClickPost, a logistics intelligence platform for online retailers, has raised $6 million in Series A funding led by Inflexor Ventures partners and Athera Venture Partners.
The funding round also saw participation from Riverwalk Holdings and Rebright Partners. The funds will be used for launching new AI-driven modules, global growth and hiring, according to the press release from ClickPost.
Naman Vijay, Co-Founder and CEO, ClickPost, says: “We believe the next few years will give rise to some generational companies in the e-commerce enablement space. Indian SaaS companies have a tremendous opportunity to serve the high-growth Indian D2C brands benefiting from increased consumption in India, and then capture global enterprises with a ‘Build in India and Sell to the World’ strategy which continues to pay rich dividends for Indian SaaS companies.”
Vijay further notes, “E-commerce is a space where vertical AI products will see a lot of adoption as brands look to grow more efficiently and compete with the likes of Amazon who have vast resources to provide a more data-driven experience to shoppers. This puts the onus on SaaS companies like us to provide solutions that keep brands at the forefront of innovation.”
Pratip Mazumdar, Partner, Inflexor Ventures, adds: “As consumers and enterprises increasingly turn to online commerce, the demand for efficient and scalable digital logistics infrastructure is bound to increase. ClickPost is poised to capitalise on this trend, offering innovative solutions that meet the evolving needs of both businesses and consumers within India as well as globally,”
Rajiv Mehta, General Partner, Athera Venture Partners, says, “Our investment in ClickPost is a testament to our ethos of backing bold entrepreneurs solving hard problems multi-fold better than the status quo. With continued, broad-based growth in e-commerce ahead of us, large enterprises and new-age brands alike seek best-in-class logistics experience for their customers and intelligent infra for their own efficiencies.”
