Reverse logistics solutions startup Deliveryontime Logistics Pvt Ltd, popularly known as ‘Bizlog’, on Tuesday, announced that it has raised Rs 12 Cr in a Pre-Series A round led by IAN Fund. Paras Jain, Founder of Adishwar, also participated in this round along with the IAN Angels.
Bizlog provides services to many large corporates to startups in solving their returns management and reverse logistics issues. During the pandemic, the startup had provided work from home logistics solutions to many big corporates.
Speaking on the announcement, HS Srinivasan, CEO, Bizlog said, "In the business value chain, reverse logistics is an untapped space that accounts for $13 Bn market size, which is largely unaddressed. With disruptive, innovative, tech supported offerings Bizlog is able to benefit its customers to reduce losses, bring in efficiency, provide superior consumer experience and add huge value into the complete supply chain ecosystem."