Mumbai-headquartered logistics startup Smart Express is launching operations with seed capital of Rs 100 crore. The round is led by IIFL India Private Equity Fund and Smiti Holding & Trading Company (Jalaj Dani family office).
The funds will be used to set-up operations, build Pick-Up and Delivery (PUD) and Transit Hub infrastructure, technology stack, team building and attract talent for the future and provide solutions that will enable customers to reduce their logistic costs.
