Pidge, a supply marketplace and interoperable last-mile logistics platform, has raised ₹120 crore in growth capital led by La Vida es Chula (LVEC), the entrepreneur-led capital fund founded by globally acclaimed entrepreneur and investor Thomas Meyer.
The fresh capital raised will be used to deepen its penetration into Tier 2 and Tier 3 markets; establish product and tech leadership, and expand oganizational capability to ensure scalable, data-driven operations and a high-performance culture. The company also plans to pilot its logistics operating system in select international markets.
Founded in 2019 by Rushil Mohan and Ratnesh Verma, Pidge is a technology-driven logistics intelligence platform committed to enabling reliable, flexible, and secure last-mile deliveries for businesses and individuals. Pidge empowers enterprises across sectors such as quick commerce, e-commerce, retail, pharma, apparel and F&B delivery to streamline operations and deliver excellence.
Through its AI-powered, interoperable platform, the company serves over 20,000 brands across 50+ cities, with a growing network of recognized partners including Zomato, Swiggy, KFC, Tata1mg, Eat club, Snitch & more.
Its proprietary technology stack, including industry-first innovations like Titan and MORRE, forms the backbone of its AI-led reliability engine.
Pidge has achieved a remarkable 10x year-on-year growth and is currently operating at a ₹250 crore annualized run rate. Pidge’s valuation has grown over 5x since its previous fundraise.
Ratnesh Verma, Founder & CEO, Pidge, said, “As India manifests its vision of single-digit logistics costs and 2x e-commerce every 3 years, Pidge is poised to be the foundation for that growth with the country’s largest, interoperable, last-mile logistics platform. This capital accelerates new propositions and markets and doubles down on efficient, sustainable, scalable growth. We’re delighted to welcome Thomas Meyer and LVEC to our cap table as the lead investor. Thomas is a builder who scaled Desigual into a global brand with purpose. His relentless customer-first approach to business-building is highly synergetic with the DNA of Pidge.”
Thomas Meyer, Founder & CEO, LVEC and Desigual, said, “I am excited to be a part of Pidge and have always backed founders who compound value with discipline. Ratnesh, as an accomplished global business leader, has built Pidge with intent. I have full confidence in the technology and team he has built to continue to stay ahead as e-commerce in India changes. LVEC is an entrepreneur-led capital; we partner with founders by opening doors, sharing company-building experience, and staying the course through to strong outcomes. We believe in the Indian growth story and see the potential in Pidge to set a new standard of reliability for Indian commerce. Their compliance, governance, technology, and innovation are impressive.”
