Pidge raises Rs 120 Cr in growth capital led by LVEC

Pidge, a supply marketplace and interoperable last-mile logistics platform, has raised Rs 120 crore ($13.6 million) in growth capital led by La Vida es Chula (LVEC), the entrepreneur-led capital fund founded by entrepreneur and investor Thomas Meyer, along with participation from its existing investors.

The Gurugram-based company had previously raised $3 million in a pre-Series A round led by Mountain Partners in March 2023.

The proceeds will be utilized for deeper penetration into tier II and tier III markets, establishing product and tech…