Adloggs, an artificial intelligence-powered delivery orchestration platform has raised an undisclosed amount in fresh funding led by Auxano Capital and Multiply Ventures, with participation from Faad Network, facilitated by investment banker Ashish Sawargi.
The fresh funds raised will be used to scale Adloggs’ delivery partner network and enhance its AI-driven platform to support deeper integrations, aiming to transform India’s last-mile logistics sector.
With this funding, Adloggs aims to meet the rising demand for hyperlocal deliveries by aggregating smaller, local delivery fleets (5 to 500 plus riders) and providing them with access to consistent business demand. This innovative model offers an alternative to high-commission delivery services, empowering smaller operators and enabling efficient on-demand deliveries.
Brijesh Damodaran, Managing Partner at Auxano Capital, said, “Adloggs is redefining the hyperlocal delivery space by aggregating smaller fleets, allowing them to compete on a larger scale. Their AI-powered platform is helping businesses reduce delivery costs while offering better service to customers. We’re proud to support Adloggs as they expand their footprint across India.”
Founded in 2021, Adloggs aggregates local delivery fleets to offer seamless solutions for restaurants, supermarkets, and QSRs. Its core products – a delivery service marketplace and a delivery management system, enable real-time tracking and streamlined coordination, reducing operational overhead for businesses while ensuring fair compensation for delivery partners.
The hyperlocal delivery market in India is projected to grow at a compound annual growth rate (CAGR)of 25-30% over the next five years, driven by increasing demand for faster and more reliable delivery services across urban and semi-urban areas. This sector is rapidly expanding with approximately 4 million hyperlocal food orders processed daily and a 35% year-over-year growth.
