Emiza supply chain services, a logistics start-up, has owned a fund of $4.5 million in a funding round driven by Mayfield, a Silicon Valley-based venture capital firm. This fund will be used to intensify technology used and to hire the new member in its leadership team as senior executives.
Investors participated in investment
Promoter of the firm Kanbay that provides technology services, Dileep Nath and Nishant Rao, outgoing chief operating officer at Freshdesk or existing investor also invested in this.
Mayfield India II
Mayfield initiated its investment via Mayfield India II, second India dedicated fund. Emiza has gained a wholesome amount of funds Rs 35 crore including the latest transaction.
About Emiza supply chain services
This Mumbai based company was founded by Ajay Rao and Rakesh Sharma in the year 2015, currently serves within the state, basically small cities and towns offering integrated warehouse to its clients.
Last Mile Logistics, well funded space in India
The Indian arm of Mayfield and managing partner at MF advisors LLP, Vikram Godse said,
“Primary distribution, as well as last-mile logistics, is a well-funded space in India. However, there is an absence of an established player to connect the dots between these two spaces. By providing a tech-driven, one stop logistics solution combined with a hub-and-spoke warehousing model which drives costs lower, Emiza’s offering is going to be a big pain-killer for its customers.”