MatchLog Solutions, an India-based logistics firm, has on Thursday announced the close of $1.5 million in pre-series A funding.

The round was led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A, MatchLog said in a statement.

According to the statement, this funding will enable the company’s shift to a full platform model, emphasizing carbon reduction as a core aspect of its offering.

The investment will also expand MatchLog’s market presence, enhance strategic partnerships, and deepen collaborations within the global shipping and port ecosystems.

It is noted that MatchLog’s innovative triangulation solution, which pairs import containers with export requirements, effectively eliminates unnecessary dry runs and reduces the trips containers make back to depots when empty.

This practice not only lowers operational costs but also significantly cuts carbon emissions by minimizing needless transport.

With its expansion, MatchLog said it is set to increase its footprint and scale in India, thereby maximizing efficiency in container usage and transport logistics.

This strategic growth is projected to handle around 4-5 million containers annually, resulting in a substantial reduction of 200,000 metric tonnes of carbon emissions each year.

In 2022, MatchLog raised $3 million from Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A, further strengthening its platform for future growth.

“Looking forward, we plan to handle 2 million trips annually, aiming to cut an additional 800,000 metric tonnes of emissions and save over $100 million in freight costs,” said Dhruv Taneja, Founder and Chief Executive Officer, MatchLog.

According to him, the firm’s transition from a marketplace to a platform model is aimed at scaling its operations and increasing its sustainability efforts.

“Since starting our operations, we have managed 200,000 containers and improved their efficiency by around 50 percent,

“This has reduced our carbon emissions by 40,000 metric tonnes, contributing significantly to the reduction of the container logistics carbon footprint in India,” he adde.

Meanwhile, Motion Ventures Investment Principal Cliff Tan said that the firm’s investment reflects its strong belief in MatchLog’s platform-first approach, which enhances logistical efficiency and significantly reduces the environmental impact of global trade.

“We are confident that this strategic collaboration will strengthen MatchLog’s market presence and establish new benchmarks for sustainable practices in logistics,” he added.

July Ventures General Partner Ravindra Krishnappa said that as the lead investor in this round, they are looking forward to supporting the well-knit team in their next chapter of growth.

According to him, MatchLog has proven its mettle in Container (EXIM) matchback optimization.

“We at July Ventures are bullish about the supply chain and logistics domain—especially on investing in a unified multi-modal digital platform,

“In conjunction with our other investments in the sector, we are confident that MatchLog will fill a key piece of that puzzle,” he added.

Venture Catalysts Chief Investment Officer Vansh Oberoi, on the other hand, said that MatchLog’s transformation and expansion exemplify their belief in their capability to redefine global logistics.

“Their commitment to sustainability and efficiency is setting new standards in the industry,” he added.

Blue Ashva Capital Founder Satya Bansal also added that MatchLog’s platformized approach for reducing empty haulage resonates deeply with their vision, merging efficiency and sustainability.

“Since our initial investment, MatchLog has significantly advanced its business model, achieving a 10 times increase in container movement visibility and forging robust partnerships with global shipping liners,” he added.

Capital A Founder and Lead Investor Ankit Kedia also said that MatchLog’s platform is helping lower the carbon footprint of a very intensive business vertical.

“At Capital A, we have always backed startups with a purpose for the planet,

“Supporting MatchLog’s journey to transform logistics reflects our commitment towards this end,” he added.

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