12 Sep Kale Logistics Solutions raises USD 30 Mn in Series B Investment led by Creaegis
The funding will be used for scaling-up and deployment of Kale’s new-age Cargo Community Systems in key geographies such as North America and Europe, facilitating seamless, and paperless cross-border trade.
Mumbai, India, 12 September 2023: Global vertical SaaS logistics platform provider, Kale Logistics Solutions (Kale) is pleased to announce the successful completion of its Series B funding round, raising USD 30 million in capital led by Creaegis Advisors LLP, a digital and tech focused private equity fund. This funding round represents a significant milestone in the company’s journey and positions it for rapid expansion and continued innovation. The company had earlier raised a Series A investment from Inflexor Ventures in 2020 and counts marquee founding angels Narendra Kale and Vipul Jain.
Kale has been a pioneer in developing cutting-edge vertical SaaS solutions for the global logistics industry primarily targeting airports and seaports. Its product and cloud applications have driven significant digital transformations in more than 100 airports and ports globally. With marquee clients in over 36 countries, Kale is a leader in designing digital trade platforms built on sustainability and data harmonisation goals led by trade bodies such as the United Nations, IMO, IATA, ICAO, WTO and FIATA.
The investment will fuel Kale’s mission to develop and deploy robust Cargo Community Systems to transform global logistics beyond regional boundaries.
Vipul Jain, Chairman, Kale Logistics Solutions, said, “This is our second fundraising with an external investor, and we are happy to partner with Creaegis because of the alignment of vision for the business, their record and understanding of the SaaS and tech products space globally. We are confident they will add value to the company as we shift gears towards a faster growth trajectory.”
Prakash Parthasarathy, Managing Partner & CEO of Creaegis, said, “The global logistics industry is undergoing a rapid digital disruption with a need for intelligent automation and end-to-end visibility through all nodes. This transformation is led by smart and centralized technology platforms. Kale, with its category defining Cargo Community Platforms and suite of SaaS solutions, is leading this disruption by digitizing and automating end-to-end cargo operations in airports and seaports. We are excited to support the company in their next phase of global growth and planned expansion in North America and Europe.
Kale’s vision is to significantly reduce the complexities involved in cargo movement and its allied processes at airports and seaports by using their cloud-native integrated platforms and ERP solutions for all stakeholders. The solutions enable collaboration in real-time while providing end-to-end visibility of every process and shipment on the move.
Amar More, Rajesh Panicker, and Vineet Malhotra, Co-founders of Kale Logistics Solutions, said jointly, “We are thrilled to partner with Creaegis for our global expansion, leveraging their operational value add and SaaS experience. Together with our esteemed group of existing investors, we are well positioned for the next phase of growth. The current funding will empower us to accelerate our mission of connecting the different stakeholders of the logistics industry through our community platforms and empower them with several digital value-added services and enterprise systems to facilitate global trade.”
They further added, “With the right team on our side and the amazing customer confidence we enjoy, we believe that our ground-breaking technology innovation will shape the future of the logistics industry.”
Founded by Amar More, Vineet Malhotra, and Rajesh Panicker, Kale also counts industry pioneers such as Narendra Kale and Vipul Jain, the ex-founders of Kale Consultants Limited (now known as Accelya Solutions India Limited), as part of the core founding team.
This Series B funding round of Kale has been exclusively advised by Cilix Capital, an international investment banking firm that assists companies as well as institutional investors with capital-raising and M&A.
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