Sagisu eyes $10 million in Series A funds

Logistics aggregator Sagisu is looking to raise $10 million in Series A funding, as it plans to increase its fleet strength to 1,000 trucks.

This follows a recent seed-funding round in which the start-up raised $2.1 million from undisclosed investors in the US and India.

Sagisu’s business model is similar to Ola’s or Uber’s, as it doesn’t own a fleet of trucks but provides truckers within the city more business.

The company helps e-commerce providers such as Urban Ladder and Rentomojo in discovering logistics providers within the city through its app.