Logistics automation startup Elixia secures $1 million funding
WAREHOUSING & LOGISTICS

Logistics automation startup Elixia secures $1 million funding

Elixia, a logistics automation startup, has raised $1 million in a funding round led by the JITO Incubation and Innovation Foundation (JIIF). Other key investors include Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group), Vimal Khinvasara (WMA Group), Ashok Shah (V-Trans Group), and Amit Chandwar (K M Trans Logistics).

The company plans to utilise the funds to expand its operations in the Middle East, providing advanced logistics solutions for regional businesses. Additionally, Elixia aims to enhance its product offerings by incorporating Generative AI and Machine Learning, improving multimodal visibility and operational efficiency.

(ET)

Elixia, a logistics automation startup, has raised $1 million in a funding round led by the JITO Incubation and Innovation Foundation (JIIF). Other key investors include Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group), Vimal Khinvasara (WMA Group), Ashok Shah (V-Trans Group), and Amit Chandwar (K M Trans Logistics). The company plans to utilise the funds to expand its operations in the Middle East, providing advanced logistics solutions for regional businesses. Additionally, Elixia aims to enhance its product offerings by incorporating Generative AI and Machine Learning, improving multimodal visibility and operational efficiency. (ET)

Next Story
Real Estate

Sources Unlimited Launches Aurora Collection Inspired by Twilight

Sources Unlimited unveils the Aurora Collection, a luxury lighting series inspired by the soft glow before dawn. Featuring spherical forms and metallic accents, the collection plays with reflections and shadows, enhancing interiors with layered illumination. Designed for floors, tables, ceilings, and walls, Aurora seamlessly integrates into diverse spaces, from homes to hospitality settings. Now available at Sources Unlimited, the collection redefines lighting as an artistic medium, transforming spaces with warmth, nostalgia, and timeless beauty...

Next Story
Real Estate

Build Capital Exits Second SRA Project Investment Near BKC

Build Capital has successfully exited its investment in an SRA project near Bandra-Kurla Complex, marking another milestone in its structured real estate financing strategy. The early-stage investment helped the developer complete rehab work and align the project with DCPR 2034, enhancing total economics. With a 2.25 lakh sq. ft. development potential and projected revenue of over Rs 7.25 billion, the project generated a 19.76 per cent IRR with 100 per cent on-time interest payments. Commenting on the milestone, Kuldeep Jain, CEO of Build Capital, stated: “Our strategic funding and acti..

Next Story
Real Estate

Küche7 Unveils Affogato: A Fusion of Luxury and Function

Küche7, India’s luxury stainless steel kitchen specialist, has launched Affogato, a sculptural kitchen design that merges aesthetics with functionality. Featuring deep brown panels with a brownstone texture, a curved marble-topped island, and a seamlessly integrated gas cooktop, Affogato redefines culinary spaces. Thoughtfully designed storage ensures a clutter-free experience, while soft grey flooring and an inlaid ceiling complete its refined appeal. More than a kitchen, Affogato embodies slow li..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?