Bizlog raises Rs 12 crore from IAN fund

Bizlog, a logistics solutions startup, has raised Rs 12 crore in a pre-series-A round led by IAN fund.

With this funding, the company plans to further develop the technology, create a roadmap to onboard new verticals and expand the business pan India over the next few years.

Paras Jain, founder of Adishwar, one of the large chains of electronics retail in Karnataka, also participated in the fundraise along with the IAN Angels.

“In the business value chain, reverse logistics is an untapped space that accounts for $13 billion market size, which is largely unaddressed,” said HS Srinivasan, CEO, Bizlog.