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India's Xindus secures 10 million dollars in series A funding round

Indian logistics startup Xindus has secured $10 million in a Series A funding round led by 3one4 Capital, with participation from Orios Venture Partners, Shastra VC, and Caret Capital. Founded in 2022, Xindus offers a comprehensive platform for SMEs in global trade, targeting sectors like fashion and wellness, and aims to increase its gross merchandise value from $30 million to $200 million over the next 12 to 18 months. This investment reflects a growing trend in India's logistics sector, driven by rising export ambitions and the increasing importance of efficient logistics solutions for SMEs.
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