Pando nabs $30M Series B

 

Supply chain management company Pando announced a $30M Series B led by Iron Pillar and Uncorrelated Ventures.  The startup plans to use the funds to expand its sales, marketing, and delivery capacity.  Founders Abhijeet Manohar and Nitin Jayakrishnan, who previously worked at India-based freight tech marketplace iDelivery, began the startup after seeing the resources being allocated to in-house tech by supply chain companies.  Pando consolidates enterprise and third-party data on customers, suppliers, and logistics service providers, among other areas. The round included participation from Chiratae Ventures, Nexus Venture Partners, and Next47.  The current funding brings the firm's total raised to $45M.