NOVEMBERASIA BUSINESS OUTLOOK8NEWSROOMPidge, a rapidly expanding AI-powered logistics platform, has secured Rs. 120 crore (US$13.56 million) in a new funding round led by La Vida es Chula (LVEC), with strong support from its existing investors.This infusion of capital marks a pivotal moment for the company as it gears up to deepen its presence across India and explore opportunities beyond national borders.Currently, Pidge operates at an impressive annualized run rate of Rs. 250 crore (US$28.25 million), reflecting a robust 10x year-on-year growth trajectory.This exceptional expansion showcases the company's ability to scale efficiently within the highly competitive logistics technology space--an industry increasingly driven by intelligent automation, demand forecasting, and hyper local delivery needs.With the new funding, Pidge is set to broaden its footprint in India by targeting tier-2 and tier-3 cities, where digital commerce adoption is accelerating and reliable last-mile delivery solutions are in high demand.At the same time, the company aims to initiate pilot programs in select international markets, positioning itself as a global contender in next-generation logistics innovation.Pidge currently partners with over 20,000 brands across more than 50 cities, leveraging its smart delivery optimization system to provide high-accuracy routing, real-time tracking, and seamless supply-chain orchestration. A key focus for the company going forward is strengthening its supply-side logistics network, ensuring efficient capacity utilization while improving reliability for enterprise clients.In addition to geographic expansion, Pidge plans to continue innovating its technology infrastructure, particularly in areas such as predictive logistics, AI-driven efficiency mapping, and scalable cloud architecture. These enhancements will enable the company to better support the rapidly evolving needs of modern commerce and position itself as a go-to logistics partner across sectors.Pidge's latest funding round underscores growing investor confidence in India's logistics transformation and highlights the company's potential to become a major force in shaping the future of delivery technology. Venn, an Israel-based proptech innovator, has raised US$52 million in a successful series B funding round led by NOA Capital and CIM Group.This new investment strengthens Venn's mission to streamline property management operations for landlords and real estate firms through an advanced, AI-driven platform.With this round, the company's total funding now stands at US$140 million, reflecting strong investor confidence in its long-term potential and market impact.The platform, designed to simplify the most complex aspects of rental management, enables seamless handling of leasing workflows, tenant screenings, digital payments, and renewal processes.By integrating these critical operations into a unified system, Venn empowers property managers to boost efficiency, enhance tenant satisfaction, and reduce operational burdens.The company's technology is already adopted by more than 270 real estate and property management organizations--including industry leaders like Related, Bozzuto, CIM Group, and Veris Residential. Collectively, Venn's platform now supports over 500,000 tenants worldwide, highlighting its growing influence in the real estate technology ecosystem.Founded in 2017, Venn has expanded rapidly and employs around 100 professionals across global locations, with 70 stationed in Israel. With its latest funding, the company plans to onboard 30 additional team members in both Israel and the United States, further accelerating technological enhancements and market expansion.This strategic growth positions Venn as a rising force in global real estate digitalization. Investors including Group 11, Oren Zeev, Hamilton Lane, Latitude, and FinTLV show continued trust in Venn's vision--transforming traditional property management into a modern, data-powered experience. PIDGE SECURES MAJOR FUNDING TO ACCELERATE INDIA'S LOGISTICS GROWTHVENN SECURES $52M TO TRANSFORM GLOBAL PROPERTY MANAGEMENT TECH· Venn raises US$52M series B, boosting its global proptech innovation footprint.· Platform now powers 270+ firms and serves 500,000+ tenants worldwide.· Company plans major hiring expansion across Israel and the US.
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