# Pando

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pando

- Industry: Software
- Headquarters: Chennai, India
- Website: www.pando.ai
- Total disclosed funding: $43M
- Latest round: Series B (May 3, 2023)
- Investors on record: 5

## About

PandoCorp Private Limited is a logistics technology company specializing in AI solutions that streamline freight procurement, transportation planning, and auditing processes.Founded in 2015 in Chennai, India, PandoCorp Private Limited focuses on enhancing logistics through AI-driven solutions. The company's CEO is Nitin Jayakrishnan. Pando has secured a total of USD 30.00 mn in funding, including a recent Series B round on May 3, 2023, co-led by Iron Pillar and Uncorrelated Ventures, with participation from returning investors such as Chiratae Ventures and Nexus Venture Partners. The company has completed 6 deals to date.Pando specializes in offering a suite of AI agents designed specifically for logistics, focusing on freight procurement, transportation planning, freight auditing, and performance analysis. Their flagship product, known as Pi, enables companies to manage the entire freight procurement process efficiently, ensuring service reliability throughout. Additionally, Pando’s AI Transportation Expert enhances transportation planning and execution, leading to improved customer experiences and resource utilization. The AI Freight Audit & Pay Specialist streamlines the auditing of freight invoices, identifying errors and recovering claims to minimize overpayments. Pando's technology integrates seamlessly with existing enterprise systems, creating a normalized supply chain knowledge graph that encompasses real-time data across products, suppliers, customers, and freight contracts. Pando serves a diverse client base, including global manufacturers, retailers, and distributors, primarily in North America and Europe.For the fiscal year ending in 2021, Pando reported revenue of USD 1,033,612.80 and an EBITDA of USD -29,813.60.In May 2023, PandoCorp Private Limited raised USD 30.00 mn in Series B funding, which will be utilized to expand its business across various regions and sectors. The company is focused on launching new products designed to enhance their logistics offerings, although specific release dates have not been disclosed. Pando intends to explore new market opportunities, particularly targeting expansion efforts in additional geographic regions to further enhance its service capabilities.

## Funding rounds

- Series B, May 3, 2023, $30M — N47, Chiratae Ventures, Nexus Venture Partners, Iron Pillar, Uncorrelated Ventures
- Series B, Jul 1, 2022, $2.3M — Chiratae Ventures
- Series A, Jan 21, 2020, $8.9M — N47, Chiratae Ventures, Nexus Venture Partners
- Seed, Apr 18, 2018, $1.9M — Nexus Venture Partners

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed, Series A, Series B
- N47 (https://capitalatlas.ai/funds/n47) — Series A, Series B
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A, Series B
- Iron Pillar (https://capitalatlas.ai/funds/iron-pillar) — Series B
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Series B