AI-powered supply chain startup Pando lands $30M investment

Signaling that investments in the supply chain sector remain robust, Pando, a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million.

Iron Pillar and Uncorrelated Ventures led the round, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47. CEO and founder Nitin Jayakrishnan says that the new capital will be put toward expanding Pando’s global sales, marketing and delivery capabilities.

“We will not expand into new industries or adjacent product areas,” he told TechCrunch in an email interview. “Great talent is the foundation of the business — we will continue to augment our teams at all levels of the organization. Pando is also open to exploring strategic partnerships and acquisitions with this round of funding.”

Pando was co-launched by Jayakrishnan...

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