Supply chain firm Iron Pillar leads Pando's $30 mn series B funding

05 May 2023 CW Team

Pando, a supply chain and logistics software-as-a-service (SaaS) company, raised $ 30 million in Series B funding from Iron Pillar, a venture growth investor with a focus on technology. Pando, a company with headquarters in San Jose, California, and product development in Chennai, India, has received a $ 12 million investment from Iron Pillar. Other well-known SaaS software companies that Iron Pillar has invested in include Jiffy.ai, CoreStack, Ushur, Uniphore, and Ushur.

Uncorrelated Ventures, well-known American CEOs and angel investors, together with previous investors Nexus Venture Partners, Chiratae Ventures, and Next47, joined Iron Pillar in the Pando investment. The main reason Pando's founders and current investors chose to engage with Iron Pillar was to take advantage of the company's global reach, hands-on approach to supporting entrepreneurs, vast network of partners, and clients, particularly in the US and the Middle East.

Businesses can no longer rely on outdated, compartmentalised logistics systems to create products that are accessible, inexpensive, and sustainable as supply chain interruptions become the norm.

Supply chain disruptions have increased over the past few years as a result of the pandemic, climate change, geopolitical unrest, and other issues. These are posing serious problems for businesses and restricting consumers' access to high-quality goods. In a recent poll conducted by Deloitte, more than 70% of manufacturing executives stated that their businesses had been impacted by supply chain problems in the previous year, with 90% of those businesses reporting rising costs and falling productivity.

Also read:
Bridgepointe Technologies and Bharti Airtel forms strategic alliance
Jaiprakash Associates defaults on million loan repayment

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..