Traqo.io, a no-code third-party logistics management platform for the manufacturer, raised an undisclosed amount in its pre-seed funding round, led by We Founder Circle.
The latest infusion of funds will be used for scaling Traqo’s artificial intelligence (AI) and tech team, enhancing the platform to meet the growing demands for efficient logistics solutions in the manufacturing and e-commerce sectors. By offering a pay-as-you-go subscription model, Traqo provides cost-effective, flexible solutions that are accessible to businesses of all sizes.
Mukesh Deogune, Founder, Traqo.io said "Traqo is enabling logistics stakeholders to manage their operations on a single, neutral platform, ensuring greater transparency, efficiency, and scalability. With the backing of We Founder Circle, we are set to expand our AI-driven features and empower businesses to gain full visibility and control over their logistics."
Founded by Mukesh Deogune, along with a seasoned team from Microsoft, HSBC, and Reliance, Traqo is already making waves in the logistics industry with its software as a service-based platform that covers the entire freight lifecycle—from procurement and tracking to audit and settlement. The platform claims to be 10 times faster and cheaper than current market alternatives, providing stakeholders such as manufacturers, with powerful tools for streamlining their operations.
“Solving a real-world problem, Traqo's no-code platform has the potential to redefine how logistics is managed across sectors, offering businesses the ability to optimize every aspect of their freight lifecycle," said Neeraj Tyagi, Co-founder, We Founder Circle.
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